Marvell Technology: Negotiations with Google for Two New AI Chips!

Marvell is reportedly in negotiations with Google for the development of two new AI chips. They could gain market share from Broadcom with TPUs. Reuters reported in early April that Anthropic is exploring the development of its own AI chips during the ongoing AI chip shortage. Currently, Marvell is already benefiting from the high demand for custom AI chips and related network components at Amazon. The stock is showing relative strength in pre-market trading and could confirm the recent big-picture breakout to an all-time high...