Stock Market Today, Oct. 6: Marvell Stock Is Up as the Company Raises FY2028 Revenue Outlook to $20 Billion
Today, Oct. 6, 2026, the chipmaker lifted near- and long-term targets at Investor Day, signaling stronger AI infrastructure demand ahead.
Overview
Marvell Technology (NASDAQ:MRVL), a data-center connectivity and custom AI chipmaker, closed at $287.01, up 5.81%. Investors were reacting to Investor Day guidance that lifted near- and long-term revenue targets, and they are watching custom AI growth next.
Trading volume reached 50.1 million shares, coming in about 122% above its three-month average of 22.6 million shares. Marvell Technology IPO'd in 2000 and has grown 1,927% since going public.
Details
The S&P 500 (SNPINDEX: ^GSPC) closed at 7,818.93, rising 0.58%, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) closed at 27,599.79, rising 0.45%. Among data infrastructure semiconductors; networking, custom silicon, storage, and optical interconnects., Broadcom (NASDAQ:AVGO) closed at $375.81, up 3.67%, and Arista Networks (NYSE:ANET) closed at $215.36, up 4.12%, reflecting firmer AI infrastructure sentiment.
Source
Originally published at www.fool.com.