Alphabet Strikes Marvell Chip Pact, Adds Wix to Gemini, Faces NZ Social Media Ban
GOOG sits 71% above its 52-week low of $202.13.
Summary
Alphabet signed a deal with Marvell to co-develop custom chips including TPUs, receiving a warrant for up to 58.97M Marvell shares at $206.58 each. The company also partnered with Wix to embed Wix Harmony into Gemini, enabling AI-generated websites with commerce and scheduling. Separately, New Zealand proposed a law to block social media for under-16s with fines up to 10% of global revenue, potentially affecting YouTube. A U.S. judge approved a $135M settlement over Android cellular data collection, requiring added disclosures and consent controls. The Marvell deal deepens Alphabet's in-house silicon push following its June AI chip unit announcement, while the Wix integration expands Gemini's practical utility. The NZ proposal and data settlement add regulatory overhang but are not immediate earnings drivers.
At the time of this announcement, GOOG was trading at $344.69 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.2T. The 52-week trading range was $202.13 to $404.47. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.