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Benzinga
Benzinga
Business
Anusuya Lahiri

Marvell Stock Rebounds On AI Momentum, New Global Chip Partnership

Kanata,,Ottawa,,On,,Canada,-,October,15,,2023:,Close,Up

Marvell Technology (NASDAQ:MRVL) traded higher Wednesday as the AI boom drives major tech companies to accelerate chip upgrades to meet surging global demand and strengthen their competitive positions.

The semiconductor firm, which provides chip design and services across data centers, enterprise networks, consumer tech, telecom infrastructure, and automotive, is benefiting from the renewed momentum.

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