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Why Is Marvell Technology Stock Gaining Tuesday? - Marvell Tech (NASDAQ:MRVL)
Benzinga· 2026-01-06 15:15
Marvell Technology, Inc. (NASDAQ:MRVL) stock rose Tuesday after the chipmaker announced an acquisition aimed at strengthening its position in AI and data center connectivity.Marvell agreed to buy XConn Technologies to strengthen its switching silicon lineup, adding expertise in advanced PCIe and CXL switch products.Marvell said the deal will expand its Ultra Accelerator Link switch portfolio and add experienced switching engineers.Also Read: Goldman’s 2026 Call: S&P 500 To 7,600 — But Valuations Are The Wil ...