Marvell stock slides after $540 million XConn deal as MRVL doubles down on AI data-center switching
New York, Jan 6, 2026, 18:54 EST — After-hours Marvell Technology (MRVL.O) shares fell 2.2% to $88.23 on Tuesday, even as U.S. stocks ended higher, after the chipmaker agreed to buy networking technology firm XConn Technologies for about $540 million.