MoneyThe story, in brief
Marvell pops 6% on AI chip deal that lets Google buy up to $12.2 billion in shares
$12.2B. Google just locked in a strategic chip deal with Marvell—and the market is pricing in a bigger play.
The KeyNews take
Why it matters
Google is deepening its custom-chip strategy with a major equity commitment to Marvell, signaling both the scale of AI infrastructure investment and the shift away from Nvidia dependency. This deal puts real dollars behind the multi-year buildout.
The key facts
5 to knowGoogle can buy up to $12.2 billion in Marvell shares
Marvell stock popped 6% on the announcement
Deal frames custom chips as a core Google infrastructure strategy
Reflects broader industry push to reduce Nvidia reliance
Published August 19, 2026
Go to the source
CNBC Technologycnbc.com
Publisher excerpt: Google and its competitors have been pursuing custom chips to improve efficiency and reduce reliance on Nvidia.