NEW YORK, Jan 25, 2026, 17:12 EST — Market closed.
- Marvell dropped 3.45% Friday, closing at $80.23 amid a pullback in chip stocks.
- Attention turns to the Fed and major tech earnings, searching for hints on AI data-center investment.
- Marvell’s latest moves in AI connectivity continue to tie its stock closely to shifts in market sentiment.
Shares of Marvell Technology, Inc. (MRVL.O) slipped 3.45% to close at $80.23 on Friday. With U.S. markets closed for the weekend, investors are now eyeing Monday’s session for direction. During Friday’s trading, the stock fluctuated between $79.72 and $82.02, ending roughly 0.3% lower than last Friday’s finish. (Investing)
The timing is crucial as the upcoming sessions are loaded with macro data and megacap earnings that could shake AI-related chip stocks. Reuters’ Morning Bid highlighted a week centered on the Fed chair’s remarks and earnings from four of the “Magnificent Seven,” providing a fast gauge of whether the AI spending narrative holds up. (Reuters)
Wall Street wrapped a volatile week with the Dow shedding 0.58% on Friday while the Nasdaq managed gains, Reuters reports. Investors wrestled with fresh signals that chip earnings still have the power to move markets. Janus Henderson portfolio manager Julian McManus flagged that we’re entering a “show-me” phase, where companies must deliver real revenue growth to back up sharp stock rallies. (Reuters)
Intel’s recent slip fits into that context. The chipmaker admitted it’s having trouble keeping up with AI-driven demand for data-center chips due to supply shortages. TD Cowen analysts noted Intel’s rally was fueled more by “the dream” than by solid near-term fundamentals. (Reuters)
Marvell finds itself caught up in that debate. The company sells networking silicon and custom chips designed specifically for major cloud clients. Its stock often reacts to changes in AI data-center sentiment, even without any direct news about Marvell.
Marvell has doubled down on data-center infrastructure over the past two months. On Jan. 6, the company announced it would acquire networking equipment maker XConn Technologies for about $540 million. CEO Matt Murphy described the deal as a “compelling switching platform” that boosts accelerated infrastructure — switching being the system that manages internal data flow within data centers. (Reuters)
In December, Marvell struck a $3.25 billion deal to buy Celestial AI, gaining photonics fabric technology that connects chips and memory with light rather than electrical signals for next-gen systems. Reuters noted the agreement also features a warrant allowing Amazon.com to purchase Marvell shares based on buys through 2030. (Reuters)
In early December, the company reported record fiscal third-quarter revenue of $2.075 billion, fueled by strong data-center demand. It also projected fiscal fourth-quarter revenue around $2.2 billion, plus or minus 5%, for the period ending Jan. 31. At the time, Murphy said the company was “on track for a strong finish” to its fiscal year. (Marvell Technology, Inc.)
This week, traders are less focused on Friday’s numbers and more on signals from big tech. The key will be whether cloud and consumer leaders boost or dampen expectations for the next surge in spending on computing power and the networks that tie it together.
The downside is clear. If the Fed takes a tougher stance, high-multiple chip stocks could come under pressure. And if AI infrastructure orders start to shift, get delayed, or move in-house, what’s been a “growth proxy” might quickly become a valuation headache.
The Federal Reserve’s rate decision is coming up Wednesday, Jan. 28. The policy statement drops at 2:00 p.m. ET, and Chair Jerome Powell will hold a press conference starting at 2:30 p.m. ET. (Federal Reserve)
