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For all of the warrants to vest, Google $GOOG will have to purchase $120 billion of Marvell's $MRVL products from FQ3 2027 through the end of FY 2033. $NVDA $AVGO

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Marvell $MRVL signed a deal with Google $GOOG covering a range of custom silicon programs attaching to the TPU ecosystem, with Marvell also issuing warrants allowing Google to take up to a $12.2 billion stake in the company. $NVDA $AVGO

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