Another AI Reacharound? Marvell Shares Rip On Chips-For-Warrants Deal With Google

Another AI Reacharound? Marvell Shares Rip On Chips-For-Warrants Deal With Google The circular financing circus rolls on... Marvell shares are soaring this morning after fabless chip designer announced an expanded chip-development partnership with Google that includes a warrant from Marvell allowing the search giant to buy as much as $12.2 billion in shares. The two firms will collaborate on custom AI chips. "The expanded partnership spans a comprehensive range of custom silicon programs that attach to the TPU ecosystem, including AI inference accelerators, storage controllers, network interface controllers, memory interface controllers, and near-memory...