Why Is Marvell Technology Stock Climbing Thursday?

Marvell Technology (NASDAQ: MRVL) shares rose Thursday, fueled by investor optimism around artificial intelligence infrastructure and the company’s recent strategic moves. The stock gained momentum on Wednesday after Marvell’s board approved a new $5 billion share repurchase authorization and an accelerated buyback program, signaling management confidence in the company’s long-term outlook. On Thursday, Marvell announced it will showcase its next-generation interconnect portfolio at the European Conferenc ...