Marvell (MRVL) stock closed the May 22 trading session at $196.33. The stock has rallied 131% year to date, by Sunday morning, May 24. Meanwhile, the SPDR S&P 500 index (SPY) is up about 9% in the same period.
The company has outpaced the S&P 500, thanks to its participation in the broader semiconductor rally driven by the AI boom.
Positive news driving Marvell’s stock includes:
Marvell has set its Q1 fiscal year 2027 earnings report for May 27, and the expectations are high.
Citi and Stifel analysts shared their expectations for the Q1 report, following the recent updates from Bank of America and Goldman Sachs.
