NEW YORK, Jan 25, 2026, 17:12 EST — Market closed.
- Marvell fell 3.45% on Friday, ending the day at $80.23 as chip stocks pulled back.
- Focus shifts to the Fed and key tech earnings as investors hunt for clues about AI data-center spending.
- Marvell’s recent steps in AI connectivity keep its stock tightly linked to changes in market sentiment.
Shares of Marvell Technology, Inc. (MRVL.O) fell 3.45%, closing Friday at $80.23. The stock swung between $79.72 and $82.02 during the session, finishing about 0.3% below last Friday’s close. With U.S. markets shut for the weekend, attention now turns to Monday’s open for fresh cues. 1
The timing couldn’t be tighter, with upcoming sessions packed with macro data and megacap earnings that might rattle AI-related chip stocks. Reuters’ Morning Bid flagged a week focused on the Fed chair’s comments and earnings from four of the “Magnificent Seven,” offering a quick test of the AI spending story. 2
Wall Street closed out a choppy week with the Dow slipping 0.58% Friday, while the Nasdaq eked out gains, Reuters reports. Investors grappled with fresh evidence that chip earnings still pack a punch in moving markets. Janus Henderson portfolio manager Julian McManus said we’re now in a “show-me” phase, where companies must prove real revenue growth to justify sharp stock rallies. 3
Intel’s recent stumble falls in line with broader trends. The company acknowledged struggles meeting AI-fueled demand for data-center chips amid supply constraints. TD Cowen analysts said Intel’s surge was driven more by “the dream” than by strong near-term fundamentals. 4
Marvell has become part of that ongoing debate. The firm provides networking silicon and custom chips tailored for leading cloud providers. Its shares frequently move in response to shifts in AI data-center sentiment, even when there’s no direct news involving Marvell.
Marvell has ramped up its focus on data-center infrastructure recently. On Jan. 6, the company revealed plans to buy networking equipment maker XConn Technologies for roughly $540 million. CEO Matt Murphy called the acquisition a “compelling switching platform” that enhances accelerated infrastructure — with switching referring to the system controlling internal data traffic in data centers. 5
In December, Marvell agreed to acquire Celestial AI for $3.25 billion, securing photonics fabric technology that links chips and memory using light instead of electrical signals for advanced systems. According to Reuters, the deal also includes a warrant letting Amazon.com buy Marvell shares tied to purchases through 2030. 6
In early December, the company posted a record $2.075 billion in fiscal third-quarter revenue, driven by robust demand from data centers. It also forecast fiscal fourth-quarter revenue near $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. 7
This week, traders are zeroing in on cues from big tech rather than Friday’s data. The question: will cloud and consumer giants lift or curb hopes for the next wave of spending on computing power and the networks that connect it?
The risk is obvious. Should the Fed adopt a stricter approach, chip stocks with high multiples might face selling pressure. Plus, if AI infrastructure orders slow down, get postponed, or move in-house, what’s been a “growth proxy” could turn into a valuation problem fast.
The Federal Reserve will announce its rate decision on Wednesday, Jan. 28. The policy statement is scheduled for release at 2:00 p.m. ET, followed by Chair Jerome Powell’s press conference at 2:30 p.m. ET. 8
