Bearish
Alphabet's stock drops 1.32% to $340.15 amid AI chip partnership developments
In the past 24 hours, Alphabet's stock declined by 1.32%, closing at $340.15. This downturn coincides with the announcement of Alphabet's expanded partnership with Marvell Technology, which has raised concerns about potential impacts on Alphabet's existing relationships with other chip suppliers.
Key points
- Alphabet's stock falls 1.32% to $340.15 amid AI chip partnership developments
- Marvell and Google expand custom silicon partnership
- Oppenheimer reiterates Marvell stock rating on Google partnership
Sources
- Marvell and Google expand custom silicon partnershipEvertiq · August 20, 2026
- Oppenheimer reiterates Marvell stock rating on Google partnershipInvesting.com · August 20, 2026
- Marvell Technology Surges 12% in Pre-Market Trading Following Custom Chip Deal with GoogleKuCoin · August 19, 2026
- Alphabet Inc Class A Share News, Key Dates and DocumentsFidelity · August 20, 2026
AI-generated from public news sources. Not financial advice.
