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0.00162660401228996 0.00198807157057653 0.00451834447858305 -0.000542201337429858 -0.00578348093258631 -0.00596421471172959 -0.0131935658774624 -0.00596421471172959
Stock impact report

Broadcom falls on report Google discussed dropping firm as AI chip supplier [Reuters]

Marvell Technology, Inc. (MRVL) 
Last marvell technology, inc. earnings: 3/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: marvell.com/company/investor_relations
Company Research Source: Reuters
Alphabet-owned (GOOGL.O) Google will design the chips - called tensor processing units - in-house if it goes ahead with the plan, potentially saving the tech giant billions of dollars in costs annually, the report said citing a source. Google has been ramping up chip investments this year as it plays catch-up with Microsoft (MSFT.O) for domination of the booming market for generative AI applications such as ChatGPT. The report said Google's deliberations follow a standoff between the company and Broadcom over the price of the TPU chips. Google has also been working to replace Broadcom with Marvell Technology (MRVL.O) as the supplier for chips that connect servers to ethernet switches in its data centers, it added. Broadcom, Google and Marvell did not immediately respond to Reuters' requests for comment. Marvell's shares rose more than 3% in premarket trading, while Broadcom was trading down at $777 in a broadly weaker market. Broadcom is seen as the second-biggest winner Show less Read more
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