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Broadcom (AVGO) Stock Tumbles 5% as Marvell Secures Major Google AI Chip Contract

Blocknomi Published 19.08.2026 15:20

Key Takeaways Broadcom’s shares dropped approximately 5% following Marvell’s announcement of a partnership to create custom AI chips for Google, featuring a warrant valued at up to $12.2 billion. Despite…

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