🟢 Marvell Technology is trading 6.65% up today after expanding its Google custom-chip partnership

Marvell Technology is trading 6.65% up now at $17.29 after disclosing an expanded custom-chip partnership with Google and a warrant allowing Google to purchase up to $12.2 billion of Marvell shares.

• The agreement supports Google’s AI infrastructure and could generate approximately $120 billion in custom-chip sales through fiscal 2033.
• The company-specific catalyst outweighed broader semiconductor volatility and elevated Treasury yields affecting high-multiple technology stocks.