Marvell Technology, Inc. (NASDAQ:MRVL) shares rose Wednesday after the chipmaker unveiled a fresh capital return plan and highlighted its growing focus on data center and AI infrastructure. The company said its board approved a new $5 billion share repurchase authorization and disclosed an accelerated share repurchase agreement. Marvell’s board cleared a new buyback program totaling $5 billion. As of Aug. 2, 2025, the company had about $2.0 billion remaining under its prior repurchase authorization. Since ...

Marvell Technology, Inc. MRVL shares rose Wednesday after the chipmaker unveiled a fresh capital return plan and highlighted its growing focus on data center and AI infrastructure. The company said its board approved a new $5 billion share repurchase authorization and disclosed an accelerated share repurchase agreement.Marvell’s board cleared a new buyback program totaling $5 billion. As of Aug. 2, 2025, the company had about $2.0 billion remaining under its prior repurchase authorization. Since then, it ha ...

Core Insights - Marvell Technology, Inc. has completed the sale of its Automotive Ethernet business to Infineon Technologies AG for $2.5 billion in an all-cash transaction [1] - The transaction closed eleven days into Marvell's third quarter of fiscal 2026, with the Automotive Ethernet business contributing mid-single-digit millions in revenue during that period [2] - Marvell expects the Automotive Ethernet business to generate between $225 million and $250 million in revenue during fiscal 2026, but does not anticipate a material impact on its non-GAAP earnings per share from the transaction [3] Financial Impact - Effective August 15, 2025, Marvell's financial results will no longer include contributions from the Automotive Ethernet business [2] - The sale is part of Marvell's strategy to focus on its core data infrastructure semiconductor solutions [1][5] Future Guidance - Marvell will host a conference call on August 28, 2025, to review its second quarter fiscal 2026 financial results and provide guidance for the third quarter [4]

Marvell Technology Inc MRVL is making a clean break from its automotive ambitions, and JPMorgan's Harlan Sur thinks that's exactly the kind of focus investors should be betting on.Following the company's $2.5 billion sale of its Automotive Ethernet business to Infineon Technologies AG, Sur reiterated an Overweight rating and placed a $130 price target by December 2025, implying a 155% upside from Friday's close at $51.AI Gets The Green LightWhile growing fast, the automotive Ethernet business isn't expected ...