$MRVL up 10% premarket — absolute moonshot move.
Marvell locked a custom chip deal with Google for TPU ecosystem semiconductors. The kicker? Google gets warrants to buy up to ~58.97M shares (~6% dilution) at $206.58/share, worth $12.18B.
Before you panic about dilution: these warrants unlock ONLY when Google buys $500M worth of chips per tranche (240 tranches total). No free lunch — Google has to commit serious capital first, meaning revenue flows in to offset any share inflation.
This structure screams long-term commitment. Google essentially signaled "we're buying heavy for years."
Potential revenue: $120B over the deal's lifespan.
Valuation impact: could add $200B+ in market cap — literally doubling $MRVL from current levels.
This isn't hype. This is Google locking in supply and Marvell securing a decade-long cash printer. If you're not watching $MRVL and $GOOGL here, you're missing the AI infrastructure play of 2025.
Marvell locked a custom chip deal with Google for TPU ecosystem semiconductors. The kicker? Google gets warrants to buy up to ~58.97M shares (~6% dilution) at $206.58/share, worth $12.18B.
Before you panic about dilution: these warrants unlock ONLY when Google buys $500M worth of chips per tranche (240 tranches total). No free lunch — Google has to commit serious capital first, meaning revenue flows in to offset any share inflation.
This structure screams long-term commitment. Google essentially signaled "we're buying heavy for years."
Potential revenue: $120B over the deal's lifespan.
Valuation impact: could add $200B+ in market cap — literally doubling $MRVL from current levels.
This isn't hype. This is Google locking in supply and Marvell securing a decade-long cash printer. If you're not watching $MRVL and $GOOGL here, you're missing the AI infrastructure play of 2025.