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What's Going On With Marvell Technology (MRVL) Stock?

Benzinga LogoBenzinga14h ago

What's Going On With Marvell Technology (MRVL) Stock? - Benzinga

Quick Summary:

Marvell Technology Inc (NASDAQ:MRVL) shares closed Thursday up 6.62% to $57.33, riding the broader rally in technology and semiconductor stocks fueled by strong economic data and easing trade tensions.

What To Know: The surge follows March's robust 9.2% jump in U.S.durable goods orders, the largest since July 2024, which bolstered investor confidence in industrial demand, particularly for capital goods.

Though the computers and electronic products category — relevant to Marvell — saw a slight decline, the sector overall benefited from optimism tied to defense and non-defense capital equipment orders.


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Article Details

Author / Journalist: Henry Khederian

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 20:19:12 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 483 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28199547

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 31 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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