🟢 Marvell Technology is trading 8.63% up today on a major Google custom-chip partnership and warrant deal

Marvell Technology is trading at ARS 26200.00 (+8.63%) after announcing a strategic custom-chip partnership and warrant arrangement with Google.

• The agreement allows Google to purchase up to 58.97 million shares at $206.58 per share, a deal potentially worth $12.18 billion.
• The partnership could generate approximately $120 billion in revenue through fiscal 2033 if specific targets are met, significantly boosting Marvell’s AI-chip growth outlook.
• This deal represents a major vote of confidence from a leading cloud provider in Marvell's custom silicon capabilities.