🔴 Broadcom is trading 4.23% down today after Marvell announced Google custom-AI-chip deal

Broadcom is trading 4.23% down now at ARS 14720 after Marvell announced a deal to help Google develop custom AI chips.

• Marvell offered Google an option to acquire up to $12.2 billion of Marvell shares.
• The agreement raises concerns about Broadcom’s position as Google’s leading custom-chip partner.
• Higher Treasury yields, elevated oil prices, and geopolitical stress are weighing on AI-linked technology stocks.