The Motley Fool
22 Aug 2026, 03:27 UTC · 2h ago
Google Is Getting Paid in Marvell Stock Warrants for Buying Marvell's Chips
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
The Motley Fool
22 Aug 2026, 03:27 UTC · 2h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
What the story claims
4 claims · each scored for market impact
Marvell Technology issued Google warrants for approximately 59 million shares (about 7% of the company) as part of an AI chip supply agreement. — This creates significant potential equity dilution for existing Marvell shareholders if the warrants are fully exercised.
-0.60Google's warrants vest based on purchase milestones, granting Google blocks of stock for every $500 million spent on Marvell products. — This structure effectively lowers Google's long-term procurement costs by converting capital expenditure into a financial asset.
+0.40Google is diversifying its AI chip supply chain by adding Marvell while maintaining a long-term agreement with Broadcom through 2031. — Reducing dependency on a single supplier mitigates supply chain risk and increases bargaining power for Alphabet.
+0.30Continue reading
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A broader trend is emerging where dominant AI buyers, including OpenAI with AMD, are securing equity warrants from their chip suppliers. — This suggests a shift in power dynamics where suppliers must sacrifice equity to secure the business of 'hyperscale' AI clients.
-0.20Which stocks this story touches
Google negotiated a highly favorable agreement with Marvell that allows it to profit from the supplier's stock.
The company issued warrants that will dilute existing shareholders by up to 7% to secure Google's business.
The company secured a new long-term agreement for future TPU generations running through 2031.
Mentioned as having previously issued a highly dilutive warrant to OpenAI to secure a partnership.
[a_to_b] Broadcom designs Google's TPUs and has a long-term component supply agreement through 2031.
[a_to_b] Google uses Broadcom for its TPU chip line design and supply.
[a_to_b] Google is a buyer of Marvell's silicon products and holds warrants for Marvell shares.
[a_to_b] Marvell supplies AI inference accelerators and storage controllers to Google.
[mutual] Both companies are involved in the AI silicon supply chain and market dynamics described.
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