Marvell issued Google a warrant for 58,970,907 shares, about 7% of the chipmaker, at an exercise price of $206.58. Most of the shares vest in stages as Google's own discretionary chip purchases accumulate -- one block for each $500 million spent.
Walmart Inc. (WMT, Financials), the world's largest retailer, is finally opening its checkout lanes to Apple Pay 'and Google Pay. Tap to Pay will start rolling
Modine Manufacturing (NYSE:MOD) shares rose more than 5% in pre-market trading Friday after Hunterbrook Media published a report suggesting the company's data center cooling opportunity could be significantly larger than its current public disclosures indicate. Hunterbrook, whose affiliated investment firm holds a long position in Modine, said internal planning information found on GitHub points to nearly $23 billion in modeled demand from major data center customers.
Broadcom's revenue growth should feel little impact from Alphabet's deal with Marvell. Broadcom is the much cheaper stock, and the company has a huge growth opportunity still in front of it.
Modine Manufacturing Co. (NYSE:MOD) shares are rising Friday. An investigative report from Hunterbrook Media identified Google as the previously unnamed customer behind Modine's $4 billion cooling agreement.