Why Marvell Stock Rocketed Higher Last Month
A booming semiconductor industry, positive CEO comments, and new tech pushed Marvell higher.
Overview
Shares of the semiconductor company Marvell Technology (NASDAQ:MRVL) jumped 24.8% in September, according to data provided by S&P Global Market Intelligence, as investors grew optimistic about the broader AI infrastructure industry.
Marvell stock has made huge strides over the past year, and comments made by CEO Matt Murphy during the month convinced investors that the good times aren't anywhere near over.
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.