Why Marvell Technology Rallied 19.2% in December
Marvell Technology(MRVL) The Motley Fool·2025-01-04 15:00Shares of chipmaker Marvell Technology (MRVL 4.07%) rallied 19.2% in December, according to data from S&P Global Market Intelligence.Marvell had a very busy month, reporting its fiscal third-quarter earnings while also making several positive announcements regarding its technology and key partnerships. So, it's no wonder the stock rallied in December to finish the year up 83%.Marvell beats and raisesIn its fiscal third quarter, Marvell grew revenue 7% to $1.52 billion, while adjusted (non-GAAP) earnings per ...