Broadcom Holds Steady as ARK Buys the Dip, Intel Slips, AMD Eases After Google's Marvell Chip Deal

Shares of Broadcom (NASDAQ:AVGO | AVGO Price Prediction) are slightly in the green at $364.14 in early Thursday trading, steadying after Wednesday's selloff tied to a custom-chip announcement from Alphabet‘s (NASDAQ:GOOGL) Google.

24/7 Wall Street • 17 hours ago

Broadcom Shareholders Should Be Paying Attention to What Just Happened With Marvell and Google

CNBC's Kristina Partsinevelos walked viewers through a striking piece of dealmaking on August 19, describing an agreement in which Marvell Technology (NASDAQ:MRVL | MRVL Price Prediction) will develop custom silicon that plugs directly into Google's TPU ecosystem.

24/7 Wall Street • 12 hours ago

Google's Marvell Warrant Doesn't Fully Vest Until Google Buys $120 Billion of Chips

Marvell issued Google a warrant for 58,970,907 shares at an exercise price of $206.58, alongside a custom chip agreement the companies signed in late July. Nearly all of the shares vest in 240 installments, one for each $500 million of revenue Marvell recognizes from Google and its affiliates through Jan. 29, 2033.

The Motley Fool • 3 hours ago

US teen drops lawsuit against Meta, Google and Snap ahead of trial

A teen girl whose lawsuit was a test case ​in litigation accusing social media companies of deliberately addicting young people and fueling a mental health crisis dropped her ‌claims against the owners of Instagram, Facebook, YouTube and Snapchat on Thursday, according to a court filing.

Reuters • 6 hours ago

Ex-Google engineer's conviction for stealing AI secrets partially overturned

A federal judge on Thursday tossed part of the conviction of former Google software engineer Linwei Ding, who was found guilty earlier ​this year of stealing AI trade secrets from the U.S. tech ‌giant to benefit two Chinese companies.

Reuters • 7 hours ago

Anthropic in ETFs: How Investors Can Gain Exposure

Anthropic's preliminary second-quarter results reignited enthusiasm across the artificial intelligence sector, lifting semiconductor stocks 1% on Monday despite broader tech sector declines. Q2 revenue topped $11.5 billion — a 14x surge year-over-year and more than 2x last quarter's figures.

ETF Trends • 19 hours ago

Google Is Up 10% This Year. This 2X ETF Has Returned 8%.

Alphabet has been one of the market's strongest mega-cap tech stocks, but doubling that return has been harder than it sounds.

24/7 Wall Street • 19 hours ago

Meta Falls Far Behind Amazon, Alphabet, and Microsoft In AI

Two ways to measure the horse race among the AI public-company market leaders. They can be at least partially handicapped by the large private companies, OpenAI and Anthropic.

24/7 Wall Street • 15 hours ago

Tesla, Uber, and Waymo all get the OK to operate thousands of robotaxis in Nevada

Nevada, get ready for the robotaxis. The Nevada Transportation Authority unanimously approved three permits Thursday that will allow Tesla, Uber, and Waymo to operate commercial robotaxi services in Clark County, home to Las Vegas. Together, these permits would deploy up to 8,000 robotaxis across the county over the next 12 months.

TechCrunch • 6 hours ago

Google gives publishers a new way to fight AI-driven traffic losses

As AI continues to kill traffic to websites, Google on Thursday threw a bone to those publishers negatively impacted by the change. It's now allowing readers to push a button on a publisher's website to indicate it's a “favorite source” they'd like to see highlighted more often across Google Search, Discover, and Google News.

TechCrunch • 11 hours ago