Marvell pops 8% on AI chip deal that lets Google buy up to $12.2 billion in shares

Marvell pops on AI chip deal letting Google buy up to $12.2B in shares Skip Navigation Markets Pre-Markets U.S. Markets Currencies Prediction Markets Cryptocurrency Futures & Commodities Bonds Funds & ETFs Business Economy Finance Health & Science Media Real Estate Energy Climate Transportation Investigations Industrials Retail Wealth Sports Life Small Business Investing Personal Finance Fintech Financial Advisors Options Action ETF Street Buffett Archive Earnings Trader Talk Tech Cybersecurity AI Enterprise Internet Media Mobile Social Media CNBC Disruptor 50 Tech Guide Politics & Policy White House Policy Defense Congress Expanding Opportunity Video Latest Video Full Episodes Livestream Live Audio Live TV Schedule CNBC Podcasts CEO Interviews CNBC Documentaries Digital Originals Watchlist Investing Club Trust Portfolio Analysis Trade Alerts Meeting Videos Homestretch Jim's Columns Education Subscribe PRO Pro News Josh Brown Mike Santoli Calls of the Day My Portfolio Livestream Full Episodes Stock Screener Market Forecast Options Investing Chart Investing Subscribe Livestream Menu Make It select USA INTL Livestream Search quotes, news & videos Livestream Watchlist SIGN IN Create free account Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Tech Marvell pops 8% on AI chip deal that lets Google buy up to $12.2 billion in shares Published Wed, Aug 19 2026 11:08 AM EDT Updated 17 Min Ago Samantha Subin @samantha_subin WATCH LIVE Key Points Marvell Technology stock popped on a deal for Google to buy up to $12.2 billion in shares. The deal is part of Google and Marvell's partnership on custom chips and includes products that "attach to the TPU ecosystem." Google has largely been working with Broadcom on custom chips In this article MRVL GOOGL Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 1:56 01:56 Marvell surges after deal allows Alphabet to buy up to $12.2 billion in shares Squawk on the Street Marvell Technology shares rallied 8% on a deal that would allow Google to buy up to $12.2 billion in shares of the chipmaking company, according to a securities filing . The deal, part of Google and Marvell's partnership on custom chips, would allow the tech giant to purchase up to 58,970,907 shares at $206.58 apiece. The stake is tied to purchasing targets through the 2033 fiscal year. Marvell said in a filing that the expanded agreement will include products that "attach to the [tensor processing unit] ecosystem," such as artificial intelligence inference accelerators, and storage and network interface controllers. Bu özet bilgilendirme amaçlıdır, yatırım tavsiyesi değildir. — hisseonlinebot