Broadcom falls about 1.8% as competition in custom chips intensifies
MU Micron Technology Inc
$910.18 -5.85%
View chart & analysis → - 1Broadcom (AVGO) drops roughly 1.8% Monday morning to $361.59 amid intensifying competition in custom chips
- 2Marvell (MRVL) has moved closer with Google (GOOG), which has secured warrants to buy up to $12.2 billion of Marvell shares if spending targets are met
- 3Q2 revenue of $22.19B (+48%) and AI semiconductor revenue of $10.8B (+143%) show solid demand, but the key question is who captures it
This 3-line summary is compiled from the report below.
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