Broadcom Stabilizes as Google Gains Marvell Chip Options
Broadcom shares edged about 0.2% higher to $359.58 after last week’s Google–Marvell agreement sparked a selloff. Google can acquire nearly 59 million Marvell shares as milestones are met, increasing competitive leverage for custom accelerators. Broadcom’s fiscal second-quarter AI semiconductor revenue jumped 143% to $10.8 billion, and it retains a long-term Google relationship, though the main risk is bargaining power over pricing and chip schedules.