markets

J. Edward Moreno2h

Marvell and Google reportedly in talks to develop new AI chips

Marvell Technology rose nearly 6% in premarket trading after The Information reported over the weekend that the chipmaker is in talks with Google to develop two ‌new chips to run AI models.

Google has been increasingly positioning itself as a competitor to chip giants like Nvidia and AMD, both of which were down about 1% after the report.

Earlier this month, Broadcom, another custom chipmaker, disclosed in a regulatory filing that it had entered into a long-term agreement with Google to supply future generations of AI accelerator chips.

That filing also revealed that Broadcom, Google, and Anthropic expanded a partnership that will see the Claude developer access 3.5 gigawatts of AI compute capacity beginning in 2027.

Marvell, meanwhile, appears to be benefiting from both sides of the competition. On March 31, Nvidia announced that it would invest $2 billion in Marvell as part of a strategic partnership, and the stock has been on a tear since.

Google in Talks With Marvell to Build New AI Chips for Inference

Google in Talks With Marvell to Build New AI Chips for Inference

Earlier this month, Broadcom, another custom chipmaker, disclosed in a regulatory filing that it had entered into a long-term agreement with Google to supply future generations of AI accelerator chips.

That filing also revealed that Broadcom, Google, and Anthropic expanded a partnership that will see the Claude developer access 3.5 gigawatts of AI compute capacity beginning in 2027.

Marvell, meanwhile, appears to be benefiting from both sides of the competition. On March 31, Nvidia announced that it would invest $2 billion in Marvell as part of a strategic partnership, and the stock has been on a tear since.

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Claire Yubin Oh & Tom Jones2h

ASTS drops after BlueBird 7 launched into an incorrect orbit

AST SpaceMobile dropped 13% in premarket trading on Monday after the space internet company updated that its BlueBird 7 satellite, carried by Blue Origin’s New Glenn vehicle, was put into an incorrect position and will now be taken out of orbit.

“During the New Glenn 3 mission, BlueBird 7 was placed into a lower than planned orbit by the upper stage of the launch vehicle. While the satellite separated from the launch vehicle and powered on, the altitude is too low to sustain operations with its on-board thruster technology and will de-orbited. The cost of the satellite is expected to be recovered under the company’s insurance policy,” said the company in a press release.

Launched Sunday, April 19, BlueBird 7 would have been AST SpaceMobile’s eighth deployed satellite into low-Earth orbit as it races to catch up with SpaceX’s Starlink to put up the first satellite constellation capable of providing 5G connectivity anywhere in the world. The company continues to target approximately 45 satellites in orbit by the end of the year. (For context, SpaceX currently has deployed more than 9,500 satellites deployed since 2019, though ASTS’ network plans to depend on less than 100 larger, more sophisticated satellites that individually gathers signals more efficiently than Starlink’s mega constellation model.)

The incorrect positioning of the launch vehicle from Jeff Bezos’ Blue Origin rocket New Glenn has been blamed for the failure, though the cost of the satellite is expected to be recovered under AST SpaceMobile's insurance policy.

For Blue Origin itself, the mission did have one major silver lining as it successfully re-used one of its New Glenn rockets for the first time ever, per TechCrunch. The New Glenn model was the result of a decade-long, multi-billion dollar development and was hampered by delays last year. However, as the second largest reusable vehicle after SpaceX’s Falcon 9, it’s also seen as one of the main ways Bezos’ company can compete with Elon Musk’s outer space supremacy.

SpaceX rocket launch chart — Sherwood News

Separately, Bezos’ main company and the source of the bulk of his wealth, Amazon, announced last week that it was acquiring Globalstar in a move to join the direct-to-device competition starting 2028.

Nate Becker, J. Edward Moreno

Oil jumps, stock futures fall as tensions rise and US fires shots at Iranian ship in Strait of Hormuz

The state of the war in Iran is at its most tenuous point since the ceasefire began.

Strait of Hormuz

Tasha Matsumoto, Matt Phillips

The S&P 500, Nasdaq 100, and Russell 2000 close at record highs again as Strait of Hormuz is declared open

Stocks reached new record highs as risk-on sentiment flooded back into the markets, while oil tumbled.

Chicago Bulls players Dennis Rodman (L), Scottie Pippen (C) and Michael Jordan (R) hold three of the team's four recent Larry O'Brien trophies 18 June at a rally for the team in Grant Park in Chicago.

markets

Matt Phillips4/17/26

With their recent surge, Intel shares just hit their highest level since the dot-com era

Intel’s surge of nearly 60% this month has the iconic American chipmaker’s stock price approaching levels last seen during the dot-com era. Bloomberg noted that shares just touched their highest intraday level since the turn of the century:

“The stock rose as much as 1.5% to $69.55, topping a peak it hit on Jan. 24, 2020. The shares are up 90% this year, after soaring 84% in 2025. Intel is now roughly 8% from its all-time closing high of $74.88, established on Aug. 31, 2000.”

That’s just the most recent late-’90s-era throwback we’ve been seeing in tech shares lately. Oracle is currently pacing for its best week since late 1999.

What’s even more remarkable, however, is that Intel’s forward price-to-earnings ratio today dwarfs the premiums the market was putting on the stock during the nuttiness of the dot-com mania.

That reflects the fact that the recent run-up in Intel shares is, essentially, giving the chip giant credit for a massive turnaround that hasn’t actually happened yet.

One also might wonder if the fact that Intel is partially owned by the US government means it’s more attractive — and therefore worth a higher premium — than other chipmakers without the state imprimatur.

Still, kind of startling.

Jake Paul v Anthony Joshua - Fighter Showcase & Open Workout

Netflix sinks following disappointing outlook as investors wait for more ad growth

Netflix shares are down more than 10% on Friday morning.

Max Knoblauch4/17/26

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