Will Marvell Stock Continue Its Uptrend After Rallying 92% YTD?

Marvell Technology, Inc. (MRVL) has delivered an extraordinary performance in 2024, with its stock skyrocketing nearly 92% year to date (YTD). This remarkable growth positions Marvell as a leader in the semiconductor sector, outpacing the Zacks Electronics - Semiconductors industry’s impressive 65.3% rise and the SPDR S&P Semiconductor ETF’s (XSD) modest 15.6% gain. Compared to semiconductor heavyweights like Texas Instruments (TXN) and Micron Technology (MU) , which have risen 12.5% and 5.2%, respectively, ...