Broadcom vs. Marvell: Broadcom Stock Is Still the Better Buy After Alphabet's Announcement
While Marvell stock has been hot, Broadcom looks like the better buy.
Marvell Technology's shares surged following Alphabet's announcement of an extended partnership with the company. Broadcom, which is Alphabet's primary design partner for TPUs, experienced a decline in share value after the news. In this deal, Marvell will supply Alphabet with various components of its TPU architecture, including AI inference accelerators, storage controllers, network interface controllers, and near-memory compute.
In return, Marvell granted Alphabet the right to purchase 58.97 million shares at $206.65 per share, with the warrants vesting in stages based on Alphabet's spending with the company. Despite the partnership, financial analysts still consider Broadcom the more advantageous investment option compared to Marvell.
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