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Broadcom (AVGO) Stock Falls 5% After Marvell Lands Google Custom AI Chip Deal

By Trader Edge at 2026-10-01 05:29

Sentiment: Positive

TLDR Broadcom fell roughly 5% after Marvell announced a deal to develop custom AI chips for Google, including a warrant worth up to $12.2 billion. Broadcom still holds a long-term agreement with Google through 2031 to supply custom AI chips. Broadcom’s AI revenue hit $10.8 billion in Q2 FY2026, up 143% year over year. Year [...] The post Broadcom (AVGO) Stock Falls 5% After Marvell Lands Google Custom AI Chip Deal appeared first on CoinCentral. Continue reading...

Categories: Stocks

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