New York, Feb 6, 2026, 20:13 EST — The market’s final bell has sounded.
- Marvell Technology (MRVL.O) jumped 8.2% to $80.28 late Friday, trading roughly 22.6 million shares.
- Marvell’s Feb. 6 filing details a prospectus supplement allowing resale of up to 24,222,758 shares by “selling securityholders” connected to the Celestial AI deal. Marvell itself isn’t collecting any proceeds from the sale. 1
- Next week, traders will be eyeing U.S. payrolls numbers due Wednesday and Friday’s CPI, both seen as key for rate expectations after a bumpy run in the tech-heavy indexes. 2
Marvell Technology Inc (MRVL.O) shares surged roughly 8% to close at $80.28 on Friday, riding a rebound among chipmakers that lifted the broader market.
Investors had something new to chew on: a resale registration linked to Marvell’s just-completed Celestial AI acquisition. The company itself isn’t offloading any stock in this filing, but with a hefty chunk of shares suddenly flagged for potential sale, and nerves already frayed, the detail didn’t go unnoticed.
Chip stocks bounced back Friday, fueled by bets that the AI data center boom isn’t letting up and will continue to drive semiconductor demand. “This trade has been volatile,” said Ross Mayfield, investment strategy analyst at Baird, noting there’s “real demand for AI products.” 3
Shares of Marvell saw a range from $75.16 up to $81.50 Friday, with the stock kicking off the session at $76.84, market data showed. The prospectus supplement cited a previous close of $74.21.
Marvell, in a separate Form 8-K, noted it had submitted the prospectus supplement using its automatic shelf registration statement. The filing, Marvell said, was only to attach counsel’s opinion on the legality of the securities referenced in the supplement. 4
Marvell wrapped up its acquisition of Celestial AI earlier this week, dropping its cash balance by $1 billion in the process. The company flagged about $50 million in added annual non-GAAP operating expenses tied to the purchase, and it’s bracing for a yearly $38 million reduction in “Other Income” as interest income shrinks. The deal also bumps diluted weighted-average shares outstanding up by roughly 27 million. 5
The filing arrives while the sector looks to regain its footing following a tough period for some tech names. On Friday, the Semiconductor Industry Association projected global chip sales would reach $1 trillion this year, up sharply—25.6%—from $791.7 billion in 2025, as big technology players ramp up spending on AI infrastructure. 6
The overhang is clear enough—freshly registered resale shares carry the risk of hitting the market if holders choose to cash out on a bounce. That sort of supply can put a lid on rallies, especially for stocks that have been jittery around rate bets and AI spending news.
Now, attention turns to the U.S. payrolls numbers dropping Wednesday, plus Friday’s CPI data—both in focus for clues on rates. Investors are also on alert for updates that might show if those newly registered Marvell shares are actually making it to market.
