Marvell Technology's stock rose 6% after an analyst from GF Securities said a delay in Google's next AI chip won't harm Marvell's long-term role in Google's chip supply chain. Marvell, which supplies custom AI chips and networking products to data centers including Google, reported strong Q2 FY2027 results with 36.5% revenue growth year-over-year. The company expects its custom chip business to more than double in fiscal 2028 and accelerate further in 2029, supported by a broad partnership with Google that covers multiple chip products beyond the delayed TPU. Investors remain optimistic about Marvell's growth despite the short-term delay, with upcoming quarterly results expected to confirm this trajectory.
Marvell Technology's shares rose 5.72% to USD 240.87 as of Oct 20, 2026 00:22 WIB on Pluang, reflecting strong investor interest following the positive outlook despite Google's chip delay. Broadcom also gained 2.30% to USD 336.30, showing moderate strength in the tech sector. Alphabet's stock was up 1.11% at USD 344.38, indicating steady confidence in the broader market.
Marvell Technology executive Bharathi Sandeep sold 3,685 shares worth about $865,864 amid market pressure on AI chip stocks following warnings from Broadcom's CEO about AI funding. Despite strong AI-related results, Marvell's stock faces valuation co...
Marvell Technology's stock fell 17% last week following a 169% gain this year, despite strong fundamentals driven by AI networking demand. The company supplies key components enabling AI chip communication and expects data center revenue to grow 75% ...
Broadcom and Marvell both posted strong AI-related revenue growth this year, driven by hyperscalers seeking custom-designed chips. Broadcom focuses on custom XPUs, powering Google TPUs and OpenAI accelerators, with AI revenue up 221% to $16.7 billion...
Martin Shkreli highlighted three private startups—Neurofos, Opticore, and Lumi—that are developing photonic chips capable of performing AI calculations at the speed of light, potentially outperforming Nvidia's current technology. These chips use ligh...
Broadcom and Marvell shares dropped 4% following Broadcom CEO Hock Tan's warning that capital shortages, not chip supply, could become the next bottleneck for AI chip development. Both companies design custom AI chips for a limited number of large cl...
