Marvell's stock pops 10% on AI chip deal that lets Google buy up to $12.2 billion in shares
Reported by CNBC · cnbc.com · August 19, 2026
Google and its competitors have been pursuing custom chips to improve efficiency and reduce reliance on Nvidia.
What the tape says
What to watch: This report cites a concrete figure (10%) — compare it against the trailing trend before treating one data point as a turning point.
Market reaction today: $NVDA -2.91%, $MRVL -3.27%
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