Marvell Stock Jumps On Google Deal, Broadcom Slides | Investor's Business Daily

Marvell Technology (MRVL) stock jumped Wednesday after the fabless chipmaker announced a deal to develop chips for Alphabet (GOOGL) unit Google. Marvell also issued to Google a warrant to purchase up nearly 59 million shares of Marvell stock at an exercise price of $206.58 per share. On the stock market today, Marvell stock surged 9.9% to 237.27. Meanwhile, rival Broadcom… Copyright ©2026 Investor's Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8