MRVL is trading 3.3% up at $285.90 in after-hours trading, benefiting from a rebound in the broader semiconductor sector following Micron’s strong earnings report. - Marvell Technology also announced significant company-specific developments on June 24, 2026, including the acquisitions of Celestial AI and XConn Technologies, and an expanded long-term collaboration with Nvidia, which now includes an equity investment. - These strategic moves, coupled with the launch of its Teralynx T100 102.4 Tbps data center switch, position Marvell strongly in the AI infrastructure market. - The rally for MRVL follows a steep two-day sell-off in chip stocks, with investors now refocusing on robust AI-driven demand and positive industry sentiment.