Marvell Technology, Inc. (NASDAQ:MRVL) shares rose Wednesday after the chipmaker unveiled a fresh capital return plan and highlighted its growing focus on data center and AI infrastructure. The company said its board approved a new $5 billion share repurchase authorization and disclosed an accelerated share repurchase agreement.
Marvell’s board cleared a new buyback program totaling $5 billion. As of Aug. 2, 2025, the company had about $2.0 billion remaining under its prior repurchase authorization. Since then, it has bought back $300 million of stock this quarter under its regular program and entered an accelerated share repurchase with a leading financial institution to retire $1 billion of shares.
