Broadcom Stock Rides Market Momentum As Marvell Faces Microsoft, Amazon Setbacks

The balance of power in the custom-chip arms race just shifted — and not the way Marvell Technology Inc (NASDAQ:MRVL) hoped. Broadcom Inc (NASDAQ:AVGO) has seized momentum after reports that Microsoft Corp (NASDAQ:MSFT) is in discussions with the company for future custom AI chip designs, while Marvell faces growing concerns about losing key cloud contracts.Track AVGO stock here.Contract Drama Resets ExpectationsMarvell shares fell sharply on Monday after The Information reported Microsoft may shift its cus ...