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Strength Seen in Marvell (MRVL): Can Its 7.1% Jump Turn into More Strength?
ZACKS· 2025-07-31 21:45
Marvell Technology (MRVL) shares soared 7.1% in the last trading session to close at $81.74. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.1% gain over the past four weeks.The optimism surrounding the stock is largely due to rising demand for Custom AI silicon XPU and Co-packaged optics solutions, AI-driven data center momentum and strong capital expenditure from hyperscalers. In the backdrop of these wins, Marvell Technology ...