Marvell Technology (MRVL) Shares Rise 5% Thursday: What's Going On?
Marvell Technology Inc (NASDAQ:MRVL) surged 5.6% to $61.68 on Thursday, lifted by a wave of investor enthusiasm following earnings from tech titans Meta Platforms and Microsoft.
Marvell stock likely moved higher on expectations that rising capital expenditures from AI leaders will translate directly into increased demand for Marvell's semiconductor and networking solutions.
What To Know: Meta's first-quarter report was particularly telling, with the company raising its full-year capital expenditure forecast to as much as $72 billion, specifically citing “additional data center investments to support our artificial intelligence efforts.” Microsoft echoed this theme with 33% year-over-year growth in Azure and cloud infrastructure, also heavily reliant on AI compute.
Marvell, a fabless semiconductor company known for its high-performance data center chips and custom silicon solutions, is a key enabler of AI hardware at scale. The company provides critical networking, storage, and compute infrastructure that underpins next-generation AI platforms.
As hyperscalers like Meta and Microsoft expand their AI footprints, Marvell stands to benefit directly from increased demand for custom ASICs, optical interconnects and Ethernet solutions optimized for AI workloads.
Read Also: Microsoft’s Blockbuster Quarter Cements Goldman’s Bullish AI, Cloud Thesis
How To Buy MRVL Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Marvell’s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, MRVL has a 52-week high of $127.48 and a 52-week low of $47.08.