NEW YORK, January 3, 2026, 14:00 ET — Market closed
- Marvell Technology shares last closed up 5.2% at $89.39.
- Chip stocks rallied broadly on Friday, lifting AI-linked names.
- Investors are watching a Marvell CEO talk next week and key U.S. economic data.
Marvell Technology, Inc. shares rose 5.2% in the last U.S. session, closing at $89.39 on Friday.
The move came as investors rotated back into semiconductor stocks to open 2026, with AI-related names leading the rebound. For Marvell, sentiment tends to track expectations for data-center spending, where the company sells networking and custom chips.
That matters now because the first full trading week of the year brings market-moving economic data that can reset rate expectations and risk appetite. Growth stocks with rich valuations, including AI-linked chipmakers, have been especially sensitive to shifts in bond yields.
Marvell traded between $86.12 and $90.08 on Friday, ending just below the $90 level after touching an intraday high above it.
Joe Mazzola, head of trading & derivatives strategist at Charles Schwab, said investors “might be a little bit more conscious about some of the valuations that they’re paying for some of the AI plays.” 1
There were no fresh Marvell press releases or recent SEC filings pointing to a single stock-specific catalyst behind Friday’s move, based on the company’s investor relations site. 2
Investors are also still weighing Marvell’s longer-running push into AI infrastructure, including its announced $3.25 billion deal to buy chip startup Celestial AI, which the company said is expected to close in the first quarter of 2026, subject to conditions. 3
The acquisition was pitched as a way to deepen Marvell’s position in next-generation data-center connectivity, putting it in sharper competition with larger AI infrastructure players such as Nvidia and Broadcom, Reuters reported. 4
Before the next session, investors will focus on U.S. employment data due on January 9 and the consumer price index report due on January 13, Reuters reported. The same Reuters report flagged fourth-quarter earnings season kicking off with major banks, including JPMorgan, also on January 13. 5
For Marvell, the next scheduled company catalyst is a J.P. Morgan CES fireside chat with CEO Matt Murphy on January 6 at 9:00 a.m. PST, the company’s IR calendar shows. 6
Technically, traders will be watching whether the stock can hold gains above the mid-$80s after Friday’s surge and whether it can clear $90 on a closing basis after topping out at $90.08 in the last session.
