Here’s How Marvell Technology (MRVL) Rebounded from Q1 Lows

Group 1: Fund Performance - Columbia Seligman Global Technology Fund's Institutional Class shares returned 19.52% in Q2 2025, compared to a 23.18% return for the MSCI World Information Technology Index-Net [1] - The US equities experienced a strong rebound in Q2 2025 following a turbulent first quarter [1] Group 2: Marvell Technology, Inc. Overview - Marvell Technology, Inc. (NASDAQ:MRVL) provides semiconductor solutions for data infrastructure, with a one-month return of 8.52% and a 14.10% increase over the last 52 weeks [2] - As of September 25, 2025, Marvell Technology's stock closed at $83.81 per share, with a market capitalization of $72.253 billion [2] Group 3: Marvell Technology's Market Position - The fund's overweight position in Marvell Technology contributed positively to performance, with the stock price rebounding in Q2 2025 after tariff uncertainties in Q1 [3] - Marvell Technology increased its estimate for the custom AI chip total addressable market to $55 billion by 2028, up from a previous estimate of $43 billion [3] Group 4: Financial Performance - Marvell Technology reported record revenue of $2.006 billion in the fiscal second quarter of 2026, reflecting a 6% sequential increase and strong 58% year-over-year growth [4] - 76 hedge fund portfolios held Marvell Technology at the end of Q2 2025, an increase from 73 in the previous quarter [4]