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Barchart
Barchart
Mark R. Hake, CFA

Marvell Technology Surges Again on AI News, With Heavy, Unusual Call Options Activity

Marvell Marvell Technology MRVL Barchart Google

Marvell Technology (MRVL) surged this week on news that Google will use Marvell to make its AI inference microchips. Heavy and unusual MRVL call options activity today shows investors are taking advantage of its rise.

MRVL is up again today at $155.51 and has risen over 76.6% this month from a recent trough of $87.81 on March 30. However, based on my recent price target analysis, it could have significantly more to go. 

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