Marvell and Google reportedly in talks to develop new AI chips
Marvell Technology rose nearly 6% in premarket trading Monday after The Information reported over the weekend that the chip company is in talks with Google to develop two new chips to run AI models.
Broadcom, which counts Google as its most important customer (having developed multiple generations of its TPUs), is down 1% as Marvell muscles in on its turf.
However, the custom chip giant still appears poised to benefit from Google’s chip deployment for years to come. Earlier this month, Broadcom 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’s reported new business would also be the latest in a series of wins for custom chips in general. Nvidia, the most valuable chip designer and GPU specialist, is also lower in premarket trading.
Google, with help from its custom chip designers, has been increasingly positioning itself as a competitor to chip giants.
Marvell, meanwhile, appears to have gained pride of place as an Nvidia partner while gaining exposure to the custom chip business that’s impressed Wall Street (and downstream AI customers). 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.
However, the custom chip giant still appears poised to benefit from Google’s chip deployment for years to come. Earlier this month, Broadcom 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’s reported new business would also be the latest in a series of wins for custom chips in general. Nvidia, the most valuable chip designer and GPU specialist, is also lower in premarket trading.
Google, with help from its custom chip designers, has been increasingly positioning itself as a competitor to chip giants.
Marvell, meanwhile, appears to have gained pride of place as an Nvidia partner while gaining exposure to the custom chip business that’s impressed Wall Street (and downstream AI customers). 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.
