[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio55886285":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":80},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio55886285","1200亿美元潜在生意！谷歌为什么突然押注“AI芯片黑马”Marvell？","\u002Fdoc\u002Fdcio55886285","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\n\u003C\u002Fp>\u003Cp>\u003Cspan>AI\u003Cspan>芯片市场，可能正在发生一次很重要的洗牌。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>谷歌最近突然和\u003C\u002Fspan>Marvell\u003Cspan>扩大合作，而且这笔交易的规模非常夸张。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>按照协议，谷歌获得了最多\u003C\u002Fspan>5897\u003Cspan>万股\u003C\u002Fspan>Marvell\u003Cspan>股票的认股权证，行权价\u003C\u002Fspan>206.58\u003Cspan>美元。如果全部行使，对应价值大约\u003C\u002Fspan>122\u003Cspan>亿美元。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>但注意，这不是谷歌直接拿\u003C\u002Fspan>122\u003Cspan>亿美元投资\u003C\u002Fspan>Marvell\u003Cspan>。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>这些认股权证和谷歌未来给\u003C\u002Fspan>Marvell\u003Cspan>的业务规模挂钩。如果合作充分兑现，到\u003C\u002Fspan>2033\u003Cspan>年，谷歌从\u003C\u002Fspan>Marvell\u003Cspan>采购的产品规模最高可能达到大约\u003C\u002Fspan>1200\u003Cspan>亿美元。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>消息出来后，\u003C\u002Fspan>Marvell\u003Cspan>一度大涨，而博通明显下跌。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>为什么？\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>因为过去提到谷歌的\u003C\u002Fspan>TPU\u003Cspan>，背后最重要的合作伙伴之一就是博通。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>谷歌虽然自己设计\u003C\u002Fspan>TPU\u003Cspan>，但一颗\u003C\u002Fspan>AI\u003Cspan>芯片从设计到真正大规模部署，需要大量定制芯片、网络、存储和互联技术支持，而博通长期吃到了谷歌自研芯片最大的红利之一。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>现在谷歌突然把\u003C\u002Fspan>Marvell\u003Cspan>扶上牌桌，市场自然会问：\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>博通的蛋糕是不是要被分走了？\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>但这里千万不要理解成谷歌准备抛弃博通。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>更准确地说，谷歌正在做一件所有大型科技公司都会做的事情——降低对单一供应商的依赖。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>因为谷歌未来需要的\u003C\u002Fspan>AI\u003Cspan>算力实在太大了。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Gemini\u003Cspan>用户越来越多，\u003C\u002Fspan>AI\u003Cspan>搜索、\u003C\u002Fspan>Agent\u003Cspan>、视频生成全部需要推理算力。谷歌如果完全依赖英伟达\u003C\u002Fspan>GPU\u003Cspan>，不仅成本高，而且供应链也受制于人。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>所以谷歌一直在大规模发展自己的\u003C\u002Fspan>TPU\u003Cspan>。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>而\u003C\u002Fspan>TPU\u003Cspan>数量越来越多之后，问题又来了。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>芯片不能孤零零地工作。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>模型运行需要处理器，需要存储数据，需要高速网络把成千上万颗芯片连接起来。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>而这些恰恰都是\u003C\u002Fspan>Marvell\u003Cspan>擅长的领域。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>这次合作覆盖的不只是某一颗芯片，而是计算、存储和网络等多个环节。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>所以谷歌真正做的，是在为未来几年的\u003C\u002Fspan>AI\u003Cspan>基础设施提前铺供应链。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>这件事对\u003C\u002Fspan>Marvell\u003Cspan>意义非常大。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>以前市场讲定制\u003C\u002Fspan>AI\u003Cspan>芯片，第一反应通常是博通。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>但现在\u003C\u002Fspan>Marvell\u003Cspan>正在拿到越来越多超大规模云厂商的业务。如果谷歌这条线真正放量，它就不再只是\u003C\u002Fspan>AI ASIC\u003Cspan>市场里的第二选择，而可能成为最重要的玩家之一。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>当然，\u003C\u002Fspan>1200\u003Cspan>亿美元千万不要理解成已经签好的确定订单。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>它更像是在合作达到最高目标情况下，对未来多年采购规模的上限估算。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>所以真正值得看的，不是\u003C\u002Fspan>MRVL\u003Cspan>一天涨了多少，而是后面谷歌到底给它多少订单。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>过去\u003C\u002Fspan>AI\u003Cspan>投资最简单的逻辑是买英伟达。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>但现在游戏正在变化。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>谷歌、亚马逊、微软这些巨头都在发展自己的定制芯片。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>美股投资网认为，\u003C\u002Fspan>AI\u003Cspan>芯片的下一阶段，可能不再只有\u003C\u002Fspan>GPU\u003Cspan>这一条路，而是\u003C\u002Fspan>GPU\u003Cspan>和\u003C\u002Fspan>ASIC\u003Cspan>同时扩张。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>而谷歌这次扶持\u003C\u002Fspan>Marvell\u003Cspan>，可能就是这场变化里非常重要的一步。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003C\u002Fp>","https:\u002F\u002Fwww.tradesmax.com\u002Fimages\u002Fa_Stock\u002FM\u002FMRVL\u002FMRVL.jpg","2026-08-21T14:19:05","2026.08.21","2026\u002F08\u002F21",58851,[22],"MRVL","Article",0,"免费","success",{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":28,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},[22],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":31,"services":32,"recentDocuments":41},"\u003Cfigure 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 \u003Ca href=\"https:\u002F\u002Fstockwe.com\" rel=\"noopener\">StockWe.com\u003C\u002Fa> 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理海量股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，美股买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":81,"search":82,"searchPlaceholder":82,"hotContent":83,"draft":84,"noData":85,"searchNoData":86,"courseContent":87,"more":88,"buyNow":89,"subscribeNow":90,"encoding":91,"paidContent":92},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]