- GOOGLX0%
BlockBeats News, August 19th, according to BIT (bit.com) market data, Marvell Technology (MRVL) rose 7.76% in pre-market trading to $232.77.
On the news front, Marvell Technology issued a warrant to Google, allowing Google to purchase up to 58.97 million shares of Marvell stock at a price of $206.58 per share, equivalent to approximately 6.7% of its outstanding shares.
Most of this warrant will gradually vest as Google brings in custom chip-related revenue for Marvell during the fiscal year ending in 2033, involving products such as AI accelerators, networking, and storage solutions.
Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.
- CoinsPrice24H Change