Marvell pops on AI chip deal letting Google buy up to $12.2B in shares
Marvell Technology shares rallied 6% on a deal that would allow Google to buy up to $12.2 billion in shares of the chipmaking company, according to a securities filing. The deal, part of Google and Marvell’s partnership on custom chips, would allow the tech giant to purchase up to 58,970,907 shares at $206.58 apiece. The…