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Barchart
Barchart
Mark R. Hake, CFA

Marvell Technology Stock Surges on Nvidia Investment, Sparking Huge Unusual Options Trades

MRVL Marvell Technology Marvell Nvidia Barchart ITM Nvidia Inc

Nvidia Inc.'s (NVDA) recent $2 billion investment in Marvell Technology (MRVL) and management's recent earnings guidance have pushed MRVL stock higher. That's led to huge, unusual in-the-money MRVL put options trading. These are all bullish signals for investors in MRVL stock.

MRVL is up today in midday trading at $108.86. That's up from a low price of $87.82 on March 30. It could have much further to go, as this article will show.

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