Marvell Falls 6% After Hours as Google Chip Deal Faces Reality Check

Marvell Technology shares dropped over 6% after hours on August 27, 2026, unwinding most of the near-10% rally from its August 19 Google warrant disclosure. The warrant ties to $120 billion in chip spending, vesting from August 1, 2026. Investors moved past the headline number to ask when that revenue actually lands in Marvell's financials.