Google bets big on Marvell with $12.2B stake to fuel AI chips
TL;DR
Marvell Technology’s stock jumped after Alphabet/Google agreed to buy up to $12.2 billion worth of Marvell shares as part of a broadened collaboration on AI accelerators and other components that would integrate with Google's Tensor Processing Unit ecosystem, extending through 2033 and expanding beyond Google's long-running Broadcom chip partnership.
- Marvell's stock pops 10% on AI chip deal that lets Google buy up to $12.2 billion in shares CNBC
- Marvell gives Google option to buy $12.2 billion stake in custom AI chip deal Reuters
- Marvell Technology (MRVL) Stock Trades Up, Here Is Why Yahoo Finance
- Marvell Stock Jumps On Google Deal, Broadcom Slides Investor's Business Daily
- Marvell Gives Client Google Right to Buy $12.2 Billion Stock Bloomberg
Want the full story? Read the original reporting
Read on CNBC