Why Marvell Stock Rallied Today
The chipmaker got a lift from a sizable acquisition in the AI space.
Overview
Shares of Marvell Technology (NASDAQ: MRVL) charged sharply higher on Friday, jumping as much as 6.3%. As of 12:47 p.m. ET, the stock was still up 6%.
The catalyst that sent the semiconductor and infrastructure specialist higher was news of a notable acquisition by another artificial intelligence (AI) chipmaker.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.