Quick Read – Marvell’s $12 billion Google warrant for custom AI chips threatens Broadcom’s exclusive Google partnership through 2031, sending AVGO down 4%. – AMD and NVDA have surged 126% and 18% YTD respectively, both outpacing AVGO’s 10% gain despite Broadcom’s 143% AI revenue…
owth. – VMware security concerns and off-balance-sheet financing worries compound the selloff, with traders debating whether AVGO’s pullback is structural or noise. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Broadcom didn’t make the cut. Grab the names FREE today
Broadcom (NASDAQ:AVGO) shares are down 5% to $359.66 in early Wednesday trading after Marvell Technology (NASDAQ:MRVL) landed a deal to help develop custom AI chips for Alphabet’s (NASDAQ:GOOGL) Google. The news directly pressures Broadcom’s status as Google’s incumbent custom silicon partner. The move caps a rough stretch for Broadcom stock, which closed Tuesday at $380.
Even after a blockbuster year for AI infrastructure names, Broadcom shares have gained 10% year to date through Tuesday’s close, a striking lag behind chip peers. That divergence, and not the intraday drop alone, is the sharpest fact in Wednesday’s action. Broadcom sits at the center of the AI infrastructure buildout, yet its stock has not participated in the peer rally.