Broadcom is trading 4.49% down at ARS 14680.00 after Marvell announced a broad Google custom-chip partnership.
- The agreement includes a warrant allowing Google to buy up to $12.2 billion of Marvell shares, raising concerns about Broadcom’s future share of Google’s custom-AI-chip spending.
- Semiconductor weakness and rising Treasury yields added pressure, but the Marvell-Google announcement is the clearest company-specific catalyst.