Marvell's Google Deal Wins Over Wall Street Analysts
Marvell Technology, Inc.'s (MRVL) expanded semiconductor deal with Google (GOOG) (GOOGL) has been met with a positive reception from Wall Street analysts. The agreement is seen as a 'significant positive' for the company, according to analysts. On Wednesday, Marvell's shares jumped following the disclosure of the deal.
The analysts believe that Marvell has been working diligently on this partnership and it will have a significant impact on the company's future performance. The details of the agreement are not specified in the source, but it is clear that Google's involvement is expected to boost Marvell's business.