Marvell Technology's shares experienced a nearly 5% increase on Monday after reports emerged that Alphabet's Google is in talks to develop two new AI chips. These chips include a memory processing unit designed to complement Google's existing tensor processing unit (TPU) and a new TPU specifically for running AI models. This potential partnership reflects a broader trend among major tech companies like Google and Meta to invest in custom chip designs to reduce their reliance on external suppliers, particularly amid rising demand for AI technology. Marvell's shares have surged by approximately 64% this year, rebounding from a 23% decline in 2022. The company's market value currently stands at about $122.15 billion, with projected revenues nearing $15 billion by fiscal 2028. Notably, Nvidia recently invested $2 billion in Marvell to streamline the integration of its custom AI chips with Nvidia's networking equipment. Marvell's stock trades at 33.35 times its earnings estimates, compared to 27.84 for Broadcom, indicating strong investor interest in its growth potential.