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Marvell gives Google option to buy $12.2 billion stake in custom chip deal

Marvell gives Google option to buy $12.2 billion stake in custom chip deal

Aug 19 (Reuters) - Marvell Technology will help develop Google's in-demand custom chips and has given the tech giant the option to become one of its biggest investors through a stake purchase of as much as $12.2 billion, in its latest move to tap the AI boom.

Marvell Technology Shares Rise Following Commercial Agreement with Google Parent Alphabet

Marvell Technology Shares Rise Following Commercial Agreement with Google Parent Alphabet

Marvell Technology Shares Rise Following Commercial Agreement with Google Parent Alphabet

Michael Burry says Nvidia rival is quietly getting serious

Michael Burry says Nvidia rival is quietly getting serious

Burry thinks Nvidia’s moat may face a tougher test

Marvell gives Google option to buy $12.2 billion stake in custom AI chip deal

Marvell gives Google option to buy $12.2 billion stake in custom AI chip deal

By Anhata Rooprai Aug 19 (Reuters) - Marvell Technology will help develop Google's in-demand custom chips and has offered the search giant the right to buy a potential $12.2 billion stake, the latest deal in which Big Tech is investing in the suppliers powering its AI build-out.

Wall St recovers as yields ease; Moderna lifts healthcare stocks

Wall St recovers as yields ease; Moderna lifts healthcare stocks

By Avinash P and Purvi Agarwal Aug 19 (Reuters) - The main U.S. indexes rebounded on Wednesday after a steep tech selloff in the previous session as easing government bond yields boosted risk appetite, while markets assessed a flood of positive corporate updates including from vaccine-maker Moderna.

Billionaire Investor Bill Ackman Sells Alphabet Stake, Citing AI Competition and Regulatory Concerns

Billionaire Investor Bill Ackman Sells Alphabet Stake, Citing AI Competition and Regulatory Concerns

Billionaire Investor Bill Ackman Sells Alphabet Stake, Citing AI Competition and Regulatory Concerns

Wall St up after tech selloff as yields retreat; Moderna surges

Wall St up after tech selloff as yields retreat; Moderna surges

By Avinash P and Purvi Agarwal Aug 19 (Reuters) - The main U.S. stock indexes recovered on Wednesday after a technology-driven slump in the previous session as government bond yields retreated from multi-decade highs and investors assessed a slew of corporate updates.

Broadcom Stock Declines as AI Boom Valuation Meets Investor Scrutiny

Broadcom Stock Declines as AI Boom Valuation Meets Investor Scrutiny

Broadcom Stock Declines as AI Boom Valuation Meets Investor Scrutiny

Stanley Druckenmiller's Duquesne Family Office Shifts Investment to Bitcoin Mining Companies

Stanley Druckenmiller's Duquesne Family Office Shifts Investment to Bitcoin Mining Companies

Stanley Druckenmiller's Duquesne Family Office Shifts Investment to Bitcoin Mining Companies

Stanley Druckenmiller Increases Stakes in Amazon and Chip Stocks Amid AI Enthusiasm

Stanley Druckenmiller Increases Stakes in Amazon and Chip Stocks Amid AI Enthusiasm

Stanley Druckenmiller Increases Stakes in Amazon and Chip Stocks Amid AI Enthusiasm

Billionaires Druckenmiller and Gerstner Shift Investments from Broadcom to Lam Research, Signaling AI Stock Re-evaluation

Billionaires Druckenmiller and Gerstner Shift Investments from Broadcom to Lam Research, Signaling AI Stock Re-evaluation

Billionaires Druckenmiller and Gerstner Shift Investments from Broadcom to Lam Research, Signaling AI Stock Re-evaluation

Billionaire Investors Stanley Druckenmiller, David Tepper, and Peter Thiel Significantly Increase Amazon Holdings

Billionaire Investors Stanley Druckenmiller, David Tepper, and Peter Thiel Significantly Increase Amazon Holdings

Billionaire Investors Stanley Druckenmiller, David Tepper, and Peter Thiel Significantly Increase Amazon Holdings