🟢 Marvell Technology Group is trading 3.24% up today after Google expanded custom AI-chip partnership

Marvell Technology Group is trading 3.24% up now at $244.97 after Google expanded a custom AI-chip partnership and received a warrant to potentially purchase $12.2 billion of Marvell shares.

• Reuters said the agreement could generate roughly $120 billion in revenue through fiscal 2033 if targets are met, strengthening investor confidence in Marvell’s AI infrastructure business.
• Marvell Technology Group advanced 9.85% on August 19 despite broader semiconductor weakness and rising Treasury yields on August 20.