Why Marvell Stock Surged Today
Investors are excited about a lucrative chip supply deal with an AI titan.
Overview
Shares of Marvell Technology (NASDAQ: MRVL) climbed on Wednesday after the semiconductor designer struck a deal to supply Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) with custom artificial intelligence (AI) chips.
Image source: Getty Images.
Marvell will help Google develop custom semiconductor products for its cloud infrastructure business and AI operations.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.