Marvell Technology shares are trading higher following a The Information report suggesting Google has been working to replace Broadcom chips with those from Marvell Technology.
Portfolio Pulse from Benzinga Newsdesk
Marvell Technology's shares are trading higher following a report from The Information suggesting that Google is planning to replace Broadcom chips with those from Marvell Technology.
September 21, 2023 | 12:18 pm
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Marvell Technology's shares are likely to experience a short-term increase due to Google's reported plans to replace Broadcom chips with Marvell's.
The news of Google planning to replace Broadcom chips with Marvell's is directly related to Marvell Technology and is likely to increase investor confidence, leading to a short-term increase in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100