Google Deal Talks Send This AI Chip Designer's Stock to New Highs

The article reports that Marvell Technology’s stock jumped to a record high after reports it’s in talks with Google to build custom AI inference chips. The potential deal, alongside Marvell’s recent $2 billion partnership with Nvidia, highlights rising competition in AI chip design that could pressure market leader Nvidia (NVDA.OQ). Alphabet (GOOGL.OQ) shares dipped modestly on the news. Investors view the Google-Marvell talks as further validation of demand for custom AI silicon, boosting chip suppliers’ stocks and contributing to notable year-to-date gains in Marvell and broader tech names.