Google's Power Move: Broadcom Ditched in Favor of Marvell Amid AI Chip Wars
Portfolio Pulse from Anusuya Lahiri
Google plans to replace Broadcom with Marvell as its supplier of artificial intelligence chips by 2027. This decision follows a pricing dispute with Broadcom. Google's increased investment in generative AI, triggered by Microsoft-backed OpenAI's launch of ChatGPT, is also noteworthy. Broadcom's stock fell by 6.51%, while Marvell's rose by 3.87%.
September 21, 2023 | 11:42 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Marvell's stock rose by 3.87% following reports of Google planning to replace Broadcom with Marvell as its AI chip supplier.
Reports of Google planning to replace Broadcom with Marvell as its AI chip supplier has positively impacted Marvell's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Google's decision to replace Broadcom with Marvell as its AI chip supplier could impact its future AI developments.
Google's decision to replace Broadcom with Marvell as its AI chip supplier could impact its future AI developments, but the immediate impact on its stock is unclear.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Microsoft's backing of OpenAI's ChatGPT has triggered an AI frenzy, influencing Google's AI investments.
Microsoft's backing of OpenAI's ChatGPT has triggered an AI frenzy, influencing Google's AI investments. However, the immediate impact on Microsoft's stock is unclear.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Broadcom's stock fell by 6.51% following Google's decision to replace it with Marvell as its AI chip supplier.
Google's decision to replace Broadcom with Marvell as its AI chip supplier due to a pricing dispute has negatively impacted Broadcom's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100