Stock Market Today, April 20: Marvell Gains on Reports of Custom AI Chip Talks With Google
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By Eric Trie – Apr 20, 2026 at 5:45PM ESTExpandNASDAQ: MRVLMarvell TechnologyToday's Change(5.63%) $7.87Current Price$147.56Key Data PointsMarket Cap$122BDay's Range$143.97 - $149.5752wk Range$48.09 - $149.58Volume1.4MAvg Vol20MGross Margin50.10%Dividend Yield0.17%Marvell Technology (MRVL +5.63%), a data infrastructure chip designer, closed Monday at $147.84, up 5.83%. The stock moved higher after reports of talks with Alphabet’s Google on co-developing two custom AI chips, and investors are watching potential AI data center design wins.The company’s trading volume reached 38.7 million shares, which is about 87% above compared with its three-month average of 20.7 million shares. Marvell Technology went public in 2000 and has grown 937% since its IPO. How the markets moved todayS&P 500 (^GSPC 0.24%) slipped 0.22% to 7,109.14, while the Nasdaq Composite (^IXIC 0.26%) fell 0.26% to 24,404.39. Within semiconductors, industry peers Broadcom (AVGO 1.70%) closed at $399.63, down 1.70%, and Qualcomm (QCOM +0.97%) finished at $137.52, up 0.97%. What this means for investorsMarvell Technology drew investor attention after reports that Google is exploring developing two custom AI chips with the company, including a memory processing unit designed to complement its tensor processing units and a new TPU architecture aimed at improving AI model efficiency. The development is significant because hyperscaler chip programs can translate into multi-year, high-margin revenue streams, potentially positioning Marvell more directly within the custom silicon supply chain supporting large-scale AI workloads.The move also highlights how quickly expectations can build around potential design wins, even as the details remain uncertain. JPMorgan and others have pushed back on claims that Marvell has secured TPU-related business, underscoring that the stock is reacting to the prospect of future programs rather than confirmed production. Investors will be focused on whether these discussions progress into defined design wins or production commitments with hyperscale customers.Read NextApr 20, 2026 •By Keith NoonanWhy Marvell Stock Is Surging TodayApr 17, 2026 •By Adam LevyNvidia Just Piled $2 Billion Into This Chip Stock, and It Can Still Climb Higher From HereApr 16, 2026 •By Harsh Chauhan2 Super Semiconductor Stocks for the Next Stage of the AI Supercycle.
Buy Them Before They Soar by 74% to 81%.Apr 15, 2026 •By Jose NajarroThis $2 Billion Nvidia Investment Signals What's Coming NextApr 14, 2026 •By Parkev Tatevosian, CFAI'm Downgrading This Semiconductor StockApr 9, 2026 •By Joe TenebrusoWhy Marvell Stock Climbed TodayAbout the AuthorEric Trie is a Motley Fool contributing stock analyst covering technology and semiconductors, healthcare, financial services, and consumer sectors. Previously, he worked in investment analysis and financial writing. He holds a B.A. in Philosophy from Rutgers University. Eric lives in New York City and is an avid sports fan.CMFIdeaMachineStocks MentionedMarvell TechnologyNASDAQ: MRVL$147.56(+5.63%)+$7.87BroadcomNASDAQ: AVGO$399.46(-1.74%)-$7.08QualcommNASDAQ: QCOM$137.52(+0.97%)+$1.32*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.