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Pathikrit Bose

As Google Allegedly Considers an AI Chip Deal with Marvell, Should You Load Up on MRVL Stock?

Marvell Google MRVL Marvell Technology

Shares of Marvell Technology (MRVL) ended almost 6% higher in yesterday's trading session after news reports emerged that Google parent Alphabet (GOOG) (GOOGL) is looking to partner with the company for its new set of custom chips. According to The Information, while one chip will be a memory processing unit (MPU) that will assist the workload of the tech titan's tensor processing units, or TPUs, the other chip will be a TPU itself, built for AI inference workloads.

Notably, this is not the only piece of good news that has been driving the MRVL stock price higher this year (+79% on a YTD basis), as a growing set of marquee customers, and a strong set of quarterly numbers, along with several upgrades by leading brokerages of the company's stock, have contributed to the rally.

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