Marvell Technology (MRVL) Surges on AI Boom – Latest Stock Price, Major News & 2025 Outlook
Marvell Technology shares trade in the mid-$80s, up 17% year-over-year but down over 20% in 2025 after peaking at $127.48 in January. The stock surged 30% in September on a $5 billion buyback, then dipped after a TD Cowen downgrade before rebounding on AI chip optimism tied to OpenAI and AMD deals. Q2 revenue hit $2.006 billion, up 58% year-over-year, with AI chips now 73% of sales.