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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 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.

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

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 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.

Bond selloff slows but stocks sink

Bond selloff slows but stocks sink

By Tom Westbrook SINGAPORE, Aug 19 (Reuters) - Global bond yields hovered near their highest for decades on Wednesday, as fears over swelling sovereign debt pushed borrowing costs higher and rattled stock markets worldwide.

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.

Big Tech Companies Face Scrutiny Over $3 Trillion in Hidden AI Spending

Big Tech Companies Face Scrutiny Over $3 Trillion in Hidden AI Spending

Big Tech Companies Face Scrutiny Over $3 Trillion in Hidden AI Spending

Morgan Stanley Issues Warning on AI Investment Financing Gap for Hyperscalers

Morgan Stanley Issues Warning on AI Investment Financing Gap for Hyperscalers

Morgan Stanley Issues Warning on AI Investment Financing Gap for Hyperscalers

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

Major Hedge Funds Divest from Broadcom, Increase Holdings in Taiwan Semiconductor Amidst Shifting AI Chip Landscape

Major Hedge Funds Divest from Broadcom, Increase Holdings in Taiwan Semiconductor Amidst Shifting AI Chip Landscape

Major Hedge Funds Divest from Broadcom, Increase Holdings in Taiwan Semiconductor Amidst Shifting AI Chip Landscape

AMD filing reveals unexpected SpaceX and Nutanix bet

AMD filing reveals unexpected SpaceX and Nutanix bet

Most investors watch what AMD builds. Fewer watch what it buys. A quarterly filing with the Securities and Exchange Commission just gave them a reason to look. Advanced Micro Devices (AMD) disclosed large equity stakes in two very different companies: Elon Musk's SpaceX (SPCX) and enterprise ...