Marvell Tech Surges on CES Buzz, AI Play
Update: 2025-12-23
Description
Marvell Technologys shares surged by 3.4% following Citis positive outlook ahead of CES, sparking a chip sector rally. Despite a slight cool-off, the stock ended up 3.3% at $87.57. Marvells volatile year, with 42 moves of over 5%, saw todays action as significant yet not disruptive. The optimism extended to other semiconductor players like TSMC, Intel, Broadcom, and Qualcomm. Despite being down 22.9% YTD and 30.5% below its 52-week high, a $1,000 investment five years ago would now be worth $1,887, making Marvell an AI supply chain force to reckon with.
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