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Marvell Technology

Marvell Technology

$MRVL
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105 stories mentioning Marvell TechnologyUpdated 22h ago

Named among Wallstreetbets-favorite stocks set to decline premarket Wednesday, alongside Micron Technology, as most of those names traded lower.

Equity Futures Rise as Trump, Xi Kick Off High-Stakes Meeting
US Markets

Equity Futures Rise as Trump, Xi Kick Off High-Stakes Meeting

US equity markets were tracking in the green before the opening bell Thursday as President Donald Trump held talks with his Chinese counterpart, Xi Jinping, at a high-stakes meeting in Beijing.The S&P 500 and the Nasdaq rose 0.2% each in premarket activity, while the Dow Jones Industrial Average added 0.6%. The S&P 500 and Nasdaq reached fresh peaks at Wednesday's close, while the Dow finished lower.Trump and Xi have agreed to develop a "constructive China-US relationship of strategic stability," according to a readout of the summit by the Chinese foreign ministry. "This will provide strategic guidance for China-US relations over the next three years and beyond," the readout showed.The relationship between the two countries is going to be "better than ever before," Trump told Xi in his opening remarks, CNBC reported, citing official broadcast footage.The leaders of the two global economic heavyweights agreed that the crucial Strait of Hormuz should remain open to support global energy flows, multiple news outlets reported. During their talks, Xi showed interest in buying more US oil to reduce China's dependence on the Strait of Hormuz and other Middle East shipping routes, according to news reports.West Texas Intermediate crude oil was down 0.2% at $100.80 a barrel before the open, while Brent was slightly in the red at $105.61.On Wednesday, the International Energy Agency forecast a sharper decline in global oil demand this year than previously expected as the Middle East conflict drives up energy prices. Separately, the Organization of the Petroleum Exporting Countries reduced its global oil demand growth outlook for 2026, but upgraded its projection for next year.Also on Wednesday, official data showed that US producer prices rose at the fastest pace in four years in April as broad-based increases in services and goods signaled intensifying inflation pressures.Treasury yields were down in premarket action, with the two-year rate retreating 2.1 basis points to 3.97% and the 10-year rate off 2.2 basis point to 4.46%.Thursday's economic calendar has the weekly jobless claims bulletin at 8:30 am ET, along with the retail sales and import and export prices reports, both for April.Federal Reserve Governor Michael Barr is scheduled to speak at 7 pm. Kansas City Fed President Jeffrey Schmid, Cleveland Fed President Beth Hammack, and New York Fed President John Williams all speak earlier in the day.On Wednesday, Boston Fed President Susan Collins said she expected the central bank to maintain its current monetary policy stance, describing it as "slightly restrictive."The US Senate confirmed Kevin Warsh's nomination as Fed chair Wednesday. Warsh is Trump's pick for the job, with the term of current central bank chief Jerome Powell set to expire on Friday.Cisco Systems (CSCO) shares jumped 17% pre-bell Thursday. Late Wednesday, Cisco's fiscal third-quarter results exceeded Wall Street's estimates, while the networking equipment maker announced a restructuring plan that involves thousands of layoffs.Marvell Technology (MRVL) added 3.8% pre-bell after closing the previous session with an 8.2% gain.Nvidia (NVDA) was 1.8% higher in premarket activity after Reuters reported that the US has cleared around 10 Chinese firms to buy the technology giant's H200 artificial intelligence chip. However, not a single delivery has been made so far, according to the report.Applied Materials (AMAT) is scheduled to release its latest quarterly financial results after the markets close. Viking (VIK), Klarna (KLAR), Bullish (BLSH) and Yeti (YETI) report before the bell, among others.Gold edged down 0.1% to $4,703 per troy ounce, while bitcoin nudged up 0.1% to $79,599.

Dow JonesNasdaq CompositeS&P 500$AMAT$BLSH$CSCO$KLAR$MRVL$NVDA$VIK$YETI
Asia Markets

US Equity Indexes Mixed as Communication Services, Tech Help Outweigh Impact of Hot Producer Prices

US equity indexes closed mixed on Wednesday, as communication services and technology led sectors amid the fastest annual pace of growth in producer prices in four years, signaling the strength of the so-called AI trade.The Dow Jones Industrial Average fell 0.1% to 49,693.20. The Nasdaq jumped 1.2% to 26,402.34, and the S&P 500 climbed 0.6% to 7,444.25.In a broadly positive tape, communication services, technology, and consumer discretionary were among the top gainers. Utilities, financials, real estate, and industrials declined.Of the top 10 companies with a market capitalization of more than $200 billion, implying a significant sway over indexes, seven were from technology and communication services, according to data compiled by Finviz. Nasdaq's leaders included Marvell Technology (MRVL), Arm (ARM), and Micron Technology (MU). In the S&P 500, ON Semiconductor (ON) and Hewlett-Packard Enterprise (HPE) were among the biggest outperformers. Nvidia (NVDA) and Cisco (CSCO) were in the top five gainers on the Dow.In economic news, the Producer Price Index soared 1.4% month-over-month in April from a 0.7% gain in March, according to the Bureau of Labor Statistics. The print beat the 0.5% increase expected in a Bloomberg-compiled survey. After excluding food and energy prices, core PPI surged 1.0% from 0.2%, above the 0.3% advance anticipated.Year-over-year, PPI soared 6.0% in April while core PPI catapulted 5.2%, both above their respective March rates and the strongest readings since December 2022.A hotter-than-expected PPI, coupled with Tuesday's larger-than-expected rise in the consumer price index, underscores not only the price impact already realized but the "additional inflationary pressures still coming down the pipeline," according to a Stifel note.With energy cost passthrough likely to keep year-over-year core personal consumption expenditures, or PCE, inflation closer to 3% than 2% all year, Goldman Sachs said in a note that lower monthly inflation prints after the oil shock fades and further labor market softening will likely be needed for Fed rate cuts this year."We now expect it to take a bit longer to meet that bar," the investment bank said while pushing back the final two rate cuts in its forecast to December 2026 and March 2027.US Treasury yields were mostly down, with the 10-year steady to slightly lower at 4.47%.The two-year slipped 1.5 basis points to 3.98%.Meanwhile, in its closely watched Oil Market Report, the International Energy Agency said the loss of Persian Gulf supply is depleting global inventories at a record pace. Inventories fell by 129 million barrels per day in March and by 117 million bpd in April, though rising output from producers outside of the Gulf is helping to ease the supply shock."With Hormuz tanker traffic still restricted, cumulative supply losses from Gulf producers already exceed 1 billion barrels with more than 14 mb/d of oil now shut in, an unprecedented supply shock," the agency said.Nevertheless, West Texas Intermediate crude oil futures fell 0.9% to $101.29, and Brent crude futures declined 1.8% to $105.81.In precious metals, gold futures rose 0.3% to $4,696.2, and silver futures jumped 3.1% to $88.27.

Dow JonesNasdaq CompositeS&P 500$ARM$CSCO$HPE$MRVL$MU$NVDA$ON
International

US Equity Markets Mixed Amid Gains in Tech Stocks Despite Hot Producer Data

US equity indexes were mixed on Wednesday after technology stocks led major gains and a hotter-than-anticipated producer price inflation data was reported.* Among the top 10 companies with a market capitalization of more than $200 billion, implying a significant sway over indexes, seven were from technology and communication services. In the S&P 500, ON Semiconductor (ON) was among the top outperformers. Nasdaq's leader was Marvell Technology (MRVL), and Nvidia (NVDA) was the second-biggest gainer on the Dow.* The US Producer Price Index rose 1.4% in April from a 0.7% gain in March, according to the Bureau of Labor Statistics, beating the 0.5% increase expected in a survey compiled by Bloomberg.* June West Texas Intermediate crude oil fell $0.96 to settle at $101.22 per barrel, while July Brent crude, the global benchmark, was last seen down $1.97 at $105.80.* Ford Motor (F) shares were up roughly 13% after Morgan Stanley said the company had a "fairly high likelihood" of signing energy-storage solutions supply agreements with large commercial customers, including hyperscalers, in the next few months.* Palantir Technologies (PLTR) stock was down 4.4% after the company's external staff and other consultants were provided unrestricted entry to identifiable medical records by the UK's National Health Service, according to a Financial Times report on Tuesday, citing an internal briefing note.

Dow JonesNasdaq CompositeS&P 500$F$MRVL$NVDA$ON$PLTR
Japan

US Equity Indexes Mixed as Communication Services, Tech Gains Offset Impact of Hot Producer Prices

US equity indexes were mixed ahead of Wednesday's close as communication services and technology topped sector charts, while producer prices grew at the fastest annual pace in four years.The Dow Jones Industrial Average fell 0.1% to 49,707.1, trading off session lows. The Nasdaq jumped 1.3% to 26,435.3, and the S&P 500 climbed 0.7% to 7,452.8 in the final leg of trading. Utilities, financials, real estate, and industrials declined. In a broadly positive tape, communication services, technology, and consumer discretionary were among the top gainers.Of the top 10 companies with a market capitalization of more than $200 billion, implying a significant sway over indexes, seven were from technology and communication services. Nasdaq's leaders included Marvell Technology (MRVL), Arm (ARM), and Micron Technology (MU). In the S&P 500, ON Semiconductor (ON) and Hewlett-Packard Enterprise (HPE) were among the biggest outperformers. Nvidia (NVDA) and Cisco (CSCO) were in the top five gainers on the Dow.In economic news, the US Producer Price Index soared 1.4% month-over-month in April from a 0.7% gain in March, according to the Bureau of Labor Statistics. The print beat the 0.5% increase expected in a Bloomberg-compiled survey. After excluding food and energy prices, core PPI surged 1.0% from 0.2%, above the 0.3% advance anticipated.Year-over-year, PPI soared 6.0% in April while core PPI catapulted 5.2%, both above their respective March rates and the strongest readings since December 2022.A hotter-than-expected PPI, coupled with Tuesday's larger-than-expected rise in the consumer price index, underscores not only the price impact already realized but the "additional inflationary pressures still coming down the pipeline," according to a Stifel note.US Treasury yields were mostly lower, with the 10-year steady at 4.47% while the two-year slipped 1.5 basis points to 3.98%.

Dow JonesNasdaq CompositeS&P 500$ARM$CSCO$HPE$MRVL$MU$NVDA$ON
Asia Markets

US Equity Indexes Mixed Amid Hot Producer Prices, Tech Gains

US equity indexes traded mixed after midday Wednesday as a hot producer price inflation print failed to restrain technology bulls.The Dow Jones Industrial Average fell 0.2% to 49,596.1, while the Nasdaq jumped 1.2% to 26,409.3 and the S&P 500 climbed 0.6% to 7,445.5. Utilities, financials, and real estate led the decliners. Communication services, consumer discretionary, and technology were among the top gainers.Of the top 10 companies with a market capitalization of more than $200 billion, implying a significant sway over indexes, seven were from technology and communication services. In the S&P 500, ON Semiconductor (ON) was among the top outperformers. Nasdaq's leader was Marvell Technology (MRVL), and Nvidia (NVDA) was the second-biggest gainer on the Dow.Nvidia Chief Executive Jensen Huang joined President Trump on his visit to Beijing, a last-minute addition that has raised expectations of progress in stalled talks over H200 AI chip sales to China, Reuters reported Wednesday.Cantor Fitzgerald adjusted its price target for ON Semiconductor to $100 from $95 while maintaining its neutral rating.In economic news, the US Producer Price Index jumped 1.4% in April from a 0.7% gain in March, according to the Bureau of Labor Statistics, beating the 0.5% increase expected in a survey compiled by Bloomberg. After excluding food and energy prices, core PPI surged 1.0% from 0.2%, above the 0.3% advance anticipated.Year-over-year, PPI soared 6.0% in April while core PPI catapulted 5.2%, both above their respective March rates and the strongest readings since December 2022.A hotter-than-expected PPI, coupled with Tuesday's larger-than-expected rise in the consumer price index, underscores not only the price impact already realized, but the additional inflationary pressures still coming down the pipeline, according to a Stifel note."As the administration continues to work for a resolution to the conflict, even with a nearer-term reopening of the Strait of Hormuz or a restoration of global oil supply and flows, given the lag time between oil and gas prices, the brunt of the price pressure may still be felt in the coming months," Lindsey Piegza, Stifel's chief economist, said in the note.Meanwhile, in its closely watched Oil Market Report, the International Energy Agency said the loss of Persian Gulf supply is depleting global inventories at a record pace. Inventories fell by 129 million barrels per day in March and by 117 million bpd in April, though rising output from producers outside of the Gulf is helping to ease the supply shock."With Hormuz tanker traffic still restricted, cumulative supply losses from Gulf producers already exceed 1 billion barrels with more than 14 mb/d of oil now shut in, an unprecedented supply shock," the agency said.West Texas Intermediate crude oil futures slipped 0.3% to $101.90, and Brent crude futures declined 1.5% to $106.19.US Treasury yields were mixed, with the 10-year up one basis point to 4.48%. The two-year rate was steady at 3.99%.In precious metals, gold futures rose 0.5% to $4,711.1, and silver futures jumped 5% to $89.84.

Dow JonesNasdaq CompositeS&P 500$MRVL$NVDA$ON
Wire

US Semiconductor Sector Set for AI-Driven Acceleration, BofA Says

US semiconductor companies are on track for faster AI-driven sales growth and stronger returns this year as spending on AI infrastructure accelerates, BofA Securities said Wednesday in a report.BofA raised its 2030 estimate for the AI data-center systems market to $1.7 trillion from $1.4 trillion, reflecting a stronger outlook for AI-related capital spending.Despite investor concerns about whether elevated capital expenditures can last, BofA said the near term still looks constructive as companies such as OpenAI and Anthropic, along with expected IPO activity, support a healthier demand backdrop.The sector may also see efficiency gains in 2027 as new compute and memory architectures roll out, the report said.Memory demand is expected to continue outpacing supply as AI projects scale up, with pricing likely to remain firm, the report said. BofA lifted Micron Technology's (MU) price target to $950 from $500, citing a "much stronger midterm pricing outlook."For top pick Nvidia (NVDA), BofA raised its price target to $320 from $300, pointing to upcoming catalysts including earnings, the Computex trade show and a potential new CPU launch.BofA increased Marvell Technology's (MRVL) price target to $200 from $125, citing strong optics demand tied to AI buildouts and momentum in custom silicon.The firm raised Advanced Micro Devices' (AMD) price target to $500 from $450, citing recent CPU strength and potential catalysts at the company's July analyst day, along with more data-center opportunities.For Broadcom (AVGO), BofA said recent frame contracts with Alphabet's (GOOGL) Google and Meta Platforms (META) help lock in 2027 demand, with potential upside to the consensus estimate of $110 billion in AI sales.Price: $794.01, Change: $+27.43, Percent Change: +3.58%

$AMD$AVGO$MRVL$MU$NVDA
Insider Trading

Marvell Technology Insider Sold Shares Worth $1,627,600, According to a Recent SEC Filing

Chris Koopmans, President and COO, on May 01, 2026, sold 10,000 shares in Marvell Technology (MRVL) for $1,627,600. Following the Form 4 filing with the SEC, Koopmans has control over a total of 209,592 common shares of the company, with 209,592 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1835632/000162828026029789/xslF345X05/wk-form4_1777925058.xml

$MRVL
Wire

Marvell Technology, Astera Labs to Benefit From Stronger Long-Term Demand Linked to Amazon-Anthropic Deal, RBC Says

Marvell Technology (MRVL) and Astera Labs (ALAB) could benefit from stronger long-term demand tied to Amazon's (AMZN) expanded deal with Anthropic, though near-term gains may be capped by tight 3-nanometer wafer supply, RBC Capital Markets said in a note Tuesday.Marvell remains well placed because it supplies Trainium chips, Ethernet switches, data processing units, and optical digital signal processors to Amazon Web Services, and demand from optical connectivity and Trainium programs is expected to support strong growth through fiscal 2028 and beyond, the investment firm said.RBC said it left its Marvell estimates unchanged for now because supply limits could hold back near-term upside, but it sees added potential from future Trainium4 demand and Marvell's expanding artificial intelligence networking products.For Astera Labs, RBC said Scorpio X switches should begin ramping in volume for Trainium3 racks in Q3, which could help lift revenue in H2 and later periods, and added that Astera also has longer-term growth room at AWS through its UALink and NVLink Fusion-related products, while wins with other large cloud customers add support to its outlook.RBC said the deal gives it more confidence in its 2027 forecasts and longer-term growth view for both companies, and it kept its outperform ratings while raising its price target on Marvell to $170 from $115 and on Astera Labs to $250 from $225.Price: $151.74, Change: $+3.90, Percent Change: +2.64%

$ALAB$AMZN$MRVL
Insider Trading

Marvell Technology Insider Sold Shares Worth $1,355,000, According to a Recent SEC Filing

Mark Casper, Executive Vice President & Chief Legal Officer, on April 17, 2026, sold 10,000 shares in Marvell Technology (MRVL) for $1,355,000. Following the Form 4 filing with the SEC, Casper has control over a total of 46,141 common shares of the company, with 35,878 shares held directly and 10,263 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1835632/000162828026026152/xslF345X05/wk-form4_1776784235.xmlPrice: $151.25, Change: $+3.41, Percent Change: +2.30%

$MRVL
Japan

US Equity Markets Fall After Iran Blocks Strait, Stalls Peace Talks; Crude Oil Jumps

US equity indexes closed lower on Monday after Iran closed the Strait of Hormuz again and refused to continue peace talks, claiming the US "did not fulfill their obligations," sending crude oil prices sharply higher.* The second round of US and Iran peace talks was planned to start in Islamabad on Monday, the Wall Street Journal reported. While Tehran hasn't publicly confirmed its participation, it has told regional mediators that it would send a team to negotiate, the report said.* President Donald Trump said he's not likely to extend the two-week ceasefire with Iran, increasing the urgency for negotiators to conclude a deal to end the war, Bloomberg reported.* May West Texas Intermediate crude oil rose $4.92 to settle at $88.77 per barrel, while June Brent crude, the global benchmark, was last seen up $4.67 at $95.05.* Alphabet's (GOOG, GOOGL) Google is negotiating with Marvell Technology (MRVL) to develop two new processors optimized for AI inference tasks, The Information reported. Marvell shares rose 5.8%, the second-biggest gain on the Nasdaq.* Norwegian Cruise Line Holdings (NCLH) shares fell 3.5%, the fourth-largest drop on the S&P 500, amid heightening tensions in the Middle East.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$MRVL$NCLH
Sectors

Sector Update: Tech Stocks Mixed Late Afternoon

Tech stocks were mixed late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) fractionally lower and the State Street SPDR S&P Semiconductor ETF (XSD) rising 2.1%.The Philadelphia Semiconductor index increased 0.3%.In corporate news, Okta (OKTA) shares gained 4.8% after Barclays upgraded the stock to overweight from equalweight with a price target of $85 per share.Alphabet's (GOOGL) Google has built a strike team of engineers and researchers to enhance its AI coding models, The Information reported. Alphabet was down 1.2%.Google is negotiating with Marvell Technology (MRVL) to develop two new processors optimized for AI inference tasks, The Information reported. Marvell shares climbed nearly 7%.Meta Platforms (META) plans to initiate its planned layoffs for this year on May 20, and more cuts are expected later, Reuters reported. Meta shares fell 2.5%.

$GOOGL$META$MRVL$OKTA
Sectors

Sector Update: Tech Stocks Mixed Monday Afternoon

Tech stocks were mixed Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) 0.2% lower and the State Street SPDR S&P Semiconductor ETF (XSD) rising 1.4%.The Philadelphia Semiconductor index was little changed.In corporate news, Alphabet's (GOOGL) Google has built a strike team of engineers and researchers to enhance its AI coding models, The Information reported. Alphabet was down 0.9%.Google is negotiating with Marvell Technology (MRVL) to develop two new processors optimized for AI inference tasks, The Information reported. Marvell shares popped 6.2%.Meta Platforms (META) plans to initiate its planned layoffs for this year on May 20, and more cuts are expected later, Reuters reported. Meta shares fell 2.3%.

$GOOGL$META$MRVL
Asia Markets

US Equity Indexes Decline as Fate of Iran Peace Talks Hangs in Balance

US equity indexes fell, while crude oil futures jumped amid high-stakes diplomacy aimed at bringing Iran back for a second round of talks in Pakistan.The Nasdaq Composite fell 0.5% to 24,344.1, with the S&P 500 down 0.3% to 7,101.5, after breaking records late last week when President Donald Trump talked up the likelihood of an Iran peace deal before the end of the current, two-week ceasefire on Tuesday. The Dow Jones Industrial Average fell 0.1% to 49,378.5.Consumer discretionary, communication services, and technology led decliners intraday. Energy and materials were among the biggest gainers.Risk appetite is "on the run" to start the fresh trading week, Derek Holt, head of capital markets economics at Scotiabank, said in a note on Monday. Trump, on Friday, appears to have "grossly overstated" progress toward an agreement with Iran, Holt added.Trump said the ceasefire with Iran ends "Wednesday evening Washington time," adding it's "highly unlikely" he would extend it if a deal is not reached before then, CNN reported Monday.Vice President JD Vance and top US officials are expected to depart Tuesday for Islamabad, Pakistan, ahead of a potential second round of talks with Iran, CNN reported. Iran is considering attending peace talks, a senior official from the Middle East nation told Reuters on Monday, following moves by Islamabad to end a US blockade of Tehran's ports, a major hurdle for the country under threat of widespread attack to rejoin peace efforts.The US president said in a Monday phone interview that the second round of talks with Iran is set to begin Tuesday, Bloomberg reported.West Texas Intermediate crude oil futures jumped 5% to $88.80, and Brent crude futures advanced 4.8% to $95.21.Most US Treasury yields rose, with the 10-year up 1.8 basis points to 4.26% and the two-year climbed 2.5 basis points to 3.73% as rising crude oil prices fueled inflation worries. Reflecting the potential upside risk to price pressures, gold futures declined 1.2% to $4,822.1 and silver futures dropped 2.5% to $79.78.In company news, Norwegian Cruise Line (NCLH) dropped 4.2% intraday, among the worst performers on the S&P 500, amid worsening geopolitical risk in the Middle East.Meta Platforms (META) plans to initiate its planned layoffs for this year on May 20, and more cuts are expected later, Reuters reported, citing people familiar with the matter. The Facebook-owner's shares dropped 2.3% intraday, among the worst performers on the Nasdaq.Alphabet's (GOOG, GOOGL) Google is negotiating with Marvell Technology (MRVL) to develop two new processors optimized for artificial intelligence inference tasks, The Information reported, citing two people with knowledge of the discussions. Shares of Marvell jumped 4% intraday, the top gainer on the Nasdaq.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$META$MRVL$NCLH
Wire

Top Midday Stories: QXO to Acquire TopBuild for $17 Billion; Eli Lilly to Buy Kelonia for Up to $7 Billion

All three major US stock indexes fell in late-morning trading Monday as tensions between the US and Iran escalated over the weekend.In company news, QXO (QXO) agreed to acquire TopBuild (BLD) for $17 billion. TopBuild shareholders can elect $505 a share in cash or 20.2 QXO common shares for each TopBuild share they own, subject to a cap that limits cash to 45% of the total consideration. The deal is expected to close in Q3. QXO shares fell 7.2% around midday, and TopBuild rose 17%.Eli Lilly (LLY) agreed to acquire Kelonia Therapeutics for up to $7 billion in cash, including an upfront payment of $3.25 billion and subsequent payouts based on certain clinical, regulatory and commercial milestones. The deal is expected to close in H2. Eli Lilly shares rose 0.2%.Alphabet's (GOOG, GOOGL) Google is in talks with Marvell Technology (MRVL) to develop two new processors optimized for AI inference tasks, The Information reported Sunday, citing two people with knowledge of the discussions. Alphabet shares fell 0.9%, and Marvell rose 4.1%.American Airlines Group (AAL) said late Friday it was not engaged with or interested in talks about a merger with United Airlines Holdings (UAL). American shares fell 4.4%, and United dropped 2.3%.Brady (BRC) agreed to acquire Honeywell International's (HON) productivity solutions and services business for $1.4 billion in cash. Brady shares eased 0.1%, and Honeywell fell 1.2%.Price: $23.19, Change: $-1.81, Percent Change: -7.24%

$AAL$BLD$BRC$GOOG$GOOGL$HON$LLY$MRVL$QXO$UAL
Sectors

Sector Update: Tech Stocks Lean Lower Premarket Monday

Technology stocks were leaning lower premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) declining by 0.8%.Alphabet's (GOOG, GOOGL) Google is negotiating with Marvell Technology (MRVL) to develop two new processors optimized for artificial intelligence inference tasks, The Information reported, citing two people with knowledge of the discussions. Shares of Marvell Technology were up more than 5% pre-bell.Meta Platforms (META) plans to initiate its layoffs planned for this year on May 20, with more expected to come later, Reuters reported, citing people familiar with the matter. Meta Platforms shares were down 0.7% premarket.Parsons (PSN) said the Los Angeles Department of Water and Power selected the company to provide demand response technology, integration, and services. Parsons stock was 0.2% lower pre-bell.

$GOOG$GOOGL$META$MRVL$PSN$XLK$XSD
Sectors

Sector Update: Tech

Technology stocks were leaning lower premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) marginally declining.Alphabet's (GOOG, GOOGL) Google is negotiating with Marvell Technology (MRVL) to develop two new processors optimized for artificial intelligence inference tasks, The Information reported, citing two people with knowledge of the discussions. Shares of Marvell Technology were up more than 5% pre-bell.

$GOOG$GOOGL$MRVL
Research

Research Alert: CFRA Keeps Buy On Shares Of Marvell Technology - Diversifying Away From Aws

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We up our 12-month target to $170 from $150, on higher revised P/E of 32.5x our CY 27 EPS, near historical and reflects our view of potential upside to forward estimates. According to unconfirmed reports, MRVL is in discussions with Alphabet (GOOGL) to co-develop new AI inference chips, with the partnership targeting two specialized chips: a memory processing unit (MPU) to work alongside GOOGL's existing TPUs and an inference-specific customer silicon TPU. GOOGL aims to complete the MPU design as early as CY 27 before initiating test production, with MRVL expected to provide design services similar to MediaTek's role in Google's "Ironwood" TPU development. Also, this move will not replace GOOGL's largest chip partner, Broadcom (contract just extended to CY 31), but does add a third design partner and enhances supply chain resilience amid constraints. This potential collaboration also builds on MRVL's existing work on GOOGL's Axion ARM CPUs and further diversifies its AI strategy away from being AWS dominant.

$MRVL
Equities

Top Premarket Gainers

Theriva Biologics (TOVX) shares were up 94% in Monday premarket activity, adding to Friday's gain.Compass Pathways (CMPS) stock was 25% higher after the company said over the weekend it commended the White House executive order to accelerate research and access for psychedelic treatments.TopBuild (BLD) shares were up 19%, a day after QXO (QXO) said it agreed to acquire TopBuild for $505 per share in a deal valued at about $17 billion.Marvell Technology (MRVL) stock was 6.3% higher after The Information reported Sunday that Alphabet's (GOOG, GOOGL) Google is negotiating with Marvell to develop two new processors optimized for artificial intelligence inference tasks.Eni (E) shares were up 2% after the company said it has made gas discovery in the Kutei Basin off the coast of Indonesia.

$BLD$CMPS$E$MRVL$TOVX
Equities

Social Buzz: Wallstreetbets Stocks Mostly Lower Premarket Monday; AST SpaceMobile to Fall, Marvell to Rise

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly lower hours before Monday's opening bell.AST SpaceMobile (ASTS) tumbled by 13% premarket, after a 6% decline Friday. The company said the BlueBird 7 satellite was placed into a lower-than-planned orbit during the New Glenn 3 mission and will de-orbited.Strategy (MSTR) was 2.3% lower pre-bell, after closing the previous session with a roughly 12% jump.Rocket Lab (RKLB) was down 1.8% hours before market open, following a 2.3% increase from Friday's session.Nvidia (NVDA) fell by 1.2% in premarket activity, after a 1.7% increase from the previous session.Microsoft (MSFT) declined by 0.9% pre-bell, swinging from a 0.6% increase at Friday's close.Tesla (TSLA) was 0.7% lower in premarket hours, following a 3% gain from the previous session.Antero Midstream (AM) fell by 0.5% in pre-bell activity, following a 0.2% advance from the previous session.Marvell Technology (MRVL) advanced by 7.7% premarket, after a 4.7% rise from Friday's session. Alphabet's (GOOG, GOOGL) Google is negotiating with Marvell Technology to develop two new processors optimized for artificial intelligence inference tasks, The Information reported Sunday, citing two people with knowledge of the discussions.

$AM$ASTS$GOOG$GOOGL$MRVL$MSFT$MSTR$NVDA$RKLB$TSLA
Insider Trading

Marvell Technology Insider Sold Shares Worth $4,020,300, According to a Recent SEC Filing

Willem A Meintjes, Chief Financial Officer, on April 15, 2026, sold 30,000 shares in Marvell Technology (MRVL) for $4,020,300. Following the Form 4 filing with the SEC, Meintjes has control over a total of 230,675 common shares of the company, with 230,675 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1835632/000162828026025578/xslF345X05/wk-form4_1776381447.xml

$MRVL

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