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Marvell Technology Shares Jump After Company Unveils New AI Data-Center Switch

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Marvell Technology (MRVL) shares jumped 8.4% in Monday trading after the company introduced a new high-capacity switch designed for AI data-center networks, expanding its portfolio of infrastructure chips.

The Teralynx T100, which Marvell calls the industry's first 102.4-terabit-per-second switch built specifically for AI and cloud data-center infrastructure, is aimed at handling the massive data movement required for training and running large AI models.

Intraday volume on the stock topped 24.8 million shares versus the daily average of almost 27.3 million.

Price: $222.20, Change: $+17.20, Percent Change: +8.39%

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