Marvell (MRVL) Soars 14% in a Week: What Should Investors Do Now?
MRVLMarvell Technology(MRVL) ZACKS·2024-08-16 22:17

Marvell Technology, Inc.’s (MRVL) shares have rallied more than 14% over the past week. This exceeds the broader market's performance, with the S&P 500 and the Zacks Computer and Technology sector rising 3.5% and 4.9%, respectively.The impressive rise in Marvell’s shares is part of a broader recovery in the market following a sell-off in early August 2024. The market correction was primarily driven by fears of a potential U.S. recession, spurred by concerns over the Federal Reserve's interest rate policies ...