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Broadcom Drops as Marvell Wins Custom Google AI Chip Deal

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The Story

News Summary

  • Broadcom shares fell over 4% after rival Marvell Technology secured a deal to develop custom AI chips for Google.
  • The partnership sparked investor concerns regarding Broadcom's incumbent role and future market share within Google's custom TPU silicon ecosystem.
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AVGO price history

361.99 -3.69% over the displayed period

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