• [Hard positive] — Google MPU/TPU chip-design deal (Apr 20) still driving momentum; analysts projecting PT upgrades in next 1–2 sessions.
• [Macro] — TXN Q1: data center revenue +90% YoY, analog +22%. Strong AI silicon demand read-through for MRVL's custom chip business.
• [Soft] — Intel earnings tonight — any soft commentary on AI ASIC or datacenter demand could read through.

Clean tape. Two strategic anchor investors (Alphabet, Nvidia). TXN data center results confirm the demand environment. No adverse signals today. Watch Intel tonight.

Hold.

• MRVL stock forecast 2026 — Google AI chip talks — MEXC
• TXN Q1 2026 earnings data center +90% — StockTitan

• [Hard positive] — Reports (April 19) of advanced negotiations with Alphabet to co-develop a Memory Processing Unit and a new Tensor Processing Unit for AI inference.
• [Hard positive] — Nvidia $2B private placement (closed March 31, 2026); MRVL now positioned in the NVLink Fusion ecosystem.
• [Macro] — +65% over past month. Up 4.71% recent session.

Two of the largest cloud/AI players (Alphabet, Nvidia) are now strategically committed to MRVL's silicon. 18 confirmed cloud-provider design wins. No risk signals to flag.

Hold.

• Marvell Stock: The Good News Keeps Coming — Trefis
• Why Marvell Technology (MRVL) Is Up After Reported Google Custom AI Chip Talks — Simply Wall St