Marvell Drops 6% After Hours as Google Deal Reality Sets In

Marvell Technology shares fell over 6% after hours on August 27, 2026, erasing much of the near-10% rally from its August 19 Google warrant disclosure. The warrant ties to $120 billion in chip spending, with vesting counted from August 1, 2026. Investors shifted from pricing the headline to questioning when that revenue actually hits Marvell's financials.