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Marvell Wins Hyperscaler AI Chip Deals: Challenges Broadcom Rivalry

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The Story

News Summary

  • Marvell Technology solidifies its position in custom AI chips across Google, Amazon, and Microsoft, challenging Broadcom's dominance.
  • Multiple Wall Street firms raised price targets following expanding hyperscaler partnerships, robust Q2 data center revenue growth, and raised full-year fiscal revenue outlooks.
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GOOGL price history

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