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MRVL Stock Has Gained Over 7% In Last Five Sessions As Marvell Technology's New Chip Boosts AI Server Performance: Here's What Technical Analysis Says
MRVLMarvell Technology(MRVL) Benzinga·2025-01-09 21:07

Shares of Marvell Technology Inc MRVL have risen by 7.04% over the last five trading sessions as the semiconductor manufacturer said that its XPU chip with a new update accelerates the performance of AI servers. Technical analysis of daily moving averages indicate a strong bullish uptrend.What Happened: Chipmaker Marvell in a press release dated Jan. 6 said that its chip called the ‘Marvell AI accelerator’ or XPU, when integrated Co-Packaged Optics (CPO) enhances AI server performance.According to the press ...