The Investor Channel 对 $MRVL 的判断变化
这个频道在这只股票上的每一条判断，按时间倒序，每一步都读完那条视频里关于这只股票的全部内容。相邻两条方向不同的地方标出方向翻转。
这是因为 Marvell Technologies。我们不是在谈论漫画书。我们谈论的是定制半导体制造商，它常常落后于博通，甚至 AMD。
This comes as Marvell Technologies. We're not talking about the comic books. We are talking about the custom semiconductor maker, often playing a backseat to the likes of Broadcom, even AMD.
嗯，Marvell 跃居谷歌名单之首，因为他们签署了一项芯片协议，包括向该公司发行认股权证。我们在 AMD 那里看到过这种情况。他们向 OpenAI 和 Meta 发行了公司的一大块股份。
Marvell 与谷歌也这样做。这显然给了谷歌与 Marvell 交易的巨大动力，因为他们基本上有权以每股仅 206 美元的价格购买 Marvell 的股票。我想，不要引用我的话，但我认为大约是公司股份的 6%。
所以，如果 Marvell 的股价继续上涨，目前是 237 美元，那么谷歌当然会行使这些权利，因为他们以巨大的折扣获得股票。这也显然激励他们从 Marvell 购买，以提振他们的收入，提振股价，并让这些认股权证更有价值。
作为股东，你必须考虑到这一点，因为这些权利本质上稀释了你的股份，在某些方面，这可能是在我们见过的芯片市场最热的时候出售 GPU 的一种非常昂贵的方式。
Well, Marvell is jumping to the top of the list of Google as they signed a chip deal including issuing warrants to the company. We've seen this over at AMD. They had issue a huge chunk of the company to open AI and Meta. Marvell doing the same with Google. This gives Google obviously a huge incentive to deal with Marvell because they essentially are allowed the right to buy shares of Marvell at just $206 per share. I think don't quote me on this, but I think it was about 6% of the company. So if Marvell stock continues to rise and currently it's at 237, well Google of course would exercise those rights cuz they're getting the stock at a tremendous discount. Also obviously incentivizes them to buy from Marvell to juice their revenue, to juice the stock price, and just make those warrants worth even more. You do have to factor that in as a shareholder as those rights essentially dilute you as a shareholder and in some ways can be a very expensive way to sell GPUs in the hottest chip market that we've ever seen.
Marvell 实际上有一些有趣的技术，用于被认为到 2027 年将采用共封装光学器件的芯片，可能更接近 2028 年。显然，让谷歌参与构建定制版本，可以给他们所需的产量和数量。
Marvell actually has some interesting technology for chips that are believed to have co-packaged optics by 2027, probably more like 2028. And obviously having Google on board building custom versions of that could give them the volumes and the quantities that they need.