Marvell Technology (MRVL) Surges On Google Chip Partnership While Broadcom (AVGO) Slides
Marvell Technology (MRVL) will help develop Google’s custom chips and has given the tech giant an option to become one of its largest investors through a stake purchase of as much as $12.2 billion. Shares of the chipmaker jumped more than 11% in premarket trading following the announcement, reflecting strong investor enthusiasm for the new…