By Rich Smith, The Motley Fool
Publication Date: 2025-12-08 19:24:00
Shares of semiconductor company Broadcom (AVGO +2.78%) jumped 3.9% through 1:45 p.m. ET Monday on some positive AI news.
According to a report published by The Information late Friday, Microsoft (MSFT +1.48%) — which has been having Marvell Technology (MRVL 6.99%) build its custom-designed artificial intelligence chips — is now looking to shop this business to Broadcom instead.
Image source: Getty Images.
Buy the rumor, sell the news
Not everyone is buying the report, however. JPMorgan analyst Harlan Sur, for example, is quoted today insisting Microsoft’s contract with Marvell remains “solidly intact,” as too is Marvell’s similar contract with Amazon.com (AMZN 1.24%). Regardless, investors today are buying the rumor about Broadcom’s good fortune — just in case it turns out The Information was correct.
They’re also selling Marvell stock, which is down more than 7%.
Today’s Change
(2.78%) $10.86
Current Price
$401.10
Key Data Points
Market Cap
$1843B
Day’s Range
$397.40 – $407.29
52wk…