Marvell stock jumps 5% as chip rally kicks off 2026; CES CEO chat is next test
NEW YORK, Jan 2, 2026, 20:09 ET — Market closed Marvell Technology shares ended Friday up 5.2% at $89.39, after trading between $86.12 and $90.08. The move matters because Marvell sits in the cross-currents of two market drivers: spending on AI and data-center infrastructure, and interest-rate expectations that can swing valuations for growth stocks. After a choppy year-end, traders have been quick to buy semiconductor exposure early in 2026, treating chipmakers as a high-beta proxy for risk appetite. U.S. stocks started 2026 mixed, with the Dow up 0.66% and the S&P 500 up 0.19%, while the Nasdaq edged down 0.03%,