New York, January 21, 2026, 13:30 EST — Regular session
- Shares of Marvell Technology climbed 2.4% to $81.69, having hit a high of $84.27 earlier.
- Chip stocks sparked a broader bounce, pushing the iShares Semiconductor ETF roughly 2.1% higher.
- New Form 4 filings revealed the CEO and CFO handed back shares to cover tax withholding on vested stock awards.
Shares of Marvell Technology (MRVL.O) gained 2.4%, reaching $81.69 by 1:30 p.m. EST on Wednesday, after hitting an intraday peak of $84.27. Trading was volatile, with the stock fluctuating between $79.90 and $84.27, and roughly 9.4 million shares exchanged.
This shift is significant as chip stocks have been volatile amid policy news, with Marvell often seen as a stand-in for data-center and networking demand linked to AI expansion. Investors are focused on cutting through the macro noise to zero in on what really impacts Marvell: orders, pricing, and margins.
Global stocks climbed back after President Donald Trump assured in Davos that the U.S. wouldn’t resort to force to buy Greenland, easing concerns about escalating trade tensions with Europe. “The market bounced when he said we wouldn’t use force,” noted Mark Hackett, chief market strategist at Nationwide. (Reuters)
The sector rally spread wide. The iShares Semiconductor ETF climbed roughly 2.1%, with the S&P 500’s SPY and Nasdaq-focused QQQ both inching up around 0.4%. Intel surged about 9%, Nvidia ticked higher by 1.3%, and Broadcom dropped nearly 1.7%.
Marvell didn’t release any new earnings figures on Wednesday. Instead, traders focused on a blend of risk-on moves in semiconductors and the usual corporate filings.
In a recent SEC Form 4 filing revealing insider moves, CEO Matt Murphy converted restricted stock units — these are stock awards that convert to shares upon vesting — and handed over 14,015 shares at $80.38 each to cover tax withholding related to the vesting event. After these transactions, Murphy reported holding 268,209 common shares. (Marvell Technology, Inc.)
Marvell CFO Willem Meintjes reported a similar move in a separate filing, handing over 5,248 shares for tax withholding following RSU vesting, leaving him with 156,471 shares held outright. (Marvell Technology, Inc.)
Marvell’s next big moment will be its upcoming quarterly report. In its previous update, the company forecasted fiscal Q4 revenue around $2.20 billion, with a 5% margin up or down, and non-GAAP diluted earnings near $0.79 per share, plus or minus $0.05. Murphy noted that product demand is “continuing to accelerate.” The December announcement also revealed plans to acquire chip startup Celestial AI. (Marvell Technology, Inc.)
Traders will watch closely for clues on whether hyperscale clients continue to expand their data-center networks aggressively, and if Marvell can maintain its margins while diving further into custom silicon—chips tailored specifically for individual customers.
Those policy headlines that pushed the market higher on Wednesday could just as easily turn sour for chipmakers if tariff discussions reemerge or export restrictions ramp up. Marvell would probably take a hit if there’s any indication that data-center demand is slowing, since investors have pegged the stock tightly to AI infrastructure spending.
Intel is set to report earnings Thursday after the U.S. market closes, providing a near-term read on the chip sector. “It’s the most optimistic, I think, people have felt about the company in a long time; the near-term dynamic’s set up very well,” said Ryuta Makino, an analyst at Intel investor Gabelli Funds. (Reuters)
