Marvell (MRVL) is hitting record highs on reports of a collaboration with Alphabet (GOOGL) to develop custom AI chips, challenging Nvidia (NVDA) and pressuring Broadcom (AVGO). Alex Coffey breaks down the chip and memory implications, while Prosper Trading Academy's Mike Shorr highlights elevated volatility and outlines a credit iron condor strategy to monetize rich options premiums.

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