Wall Street surges on optimism about debt ceiling talks [Reuters]
Marvell Technology, Inc. (MRVL)
Last marvell technology, inc. earnings: 3/4 04:05 pm
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Source: Reuters
After several rounds of talks, U.S. President Joe Biden and top congressional Republican Kevin McCarthy appeared to be nearing a deal to increase the government's $31.4 trillion debt limit for two years, while capping spending on most items, a U.S. official told Reuters. The Dow Jones Industrial Average (.DJI) was set to end a five-day losing streak, while the Nasdaq Composite Index (.IXIC) jumped to its highest level since August 2022. The Philadelphia Semiconductor Index (.SOX) rose 5.3%, bringing its gain in the past two sessions to almost 13%. Building on recent euphoria related to AI, Marvell Technology Inc (MRVL.O) jumped 29% after the chipmaker said it would double its annual revenue related to AI. Investors were closely watching debt ceiling talks as Biden and McCarthy still seemed at odds over several issues heading into the long weekend, with the U.S. stock market closed on Monday for the Memorial Day holiday. "All the signs point to a deal getting done and this ral
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MRVL
News
- Investors push Marvell Technology (NASDAQ:MRVL) 7.9% lower this week, company's increasing losses might be to blame [Yahoo! Finance]Yahoo! Finance
- GM Recognizes Marvell With 2023 Overdrive Award For Its Automotive Ethernet Technology [Yahoo! Finance]Yahoo! Finance
- GM Recognizes Marvell With 2023 Overdrive Award For Its Automotive Ethernet TechnologyPR Newswire
- AI Deployment Accelerates 800GbE Optical Growth According to Cignal AI [Yahoo! Finance]Yahoo! Finance
- Cramer: The ‘proximate cause' of Super Micro's 23% drop Friday? Go back to March 8 [CNBC]CNBC
MRVL
Earnings
- 3/7/24 - Beat
MRVL
Sec Filings
- 4/22/24 - Form 4
- 4/19/24 - Form 144
- 4/17/24 - Form 4
- MRVL's page on the SEC website