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Benzinga

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Anusuya Lahiri

Why Is Marvell Technology Stock Climbing Thursday?

Marvell MRVL Nasdaq Artificial Intelligence

Marvell Technology

Marvell Technology (NASDAQ: MRVL) shares rose Thursday, fueled by investor optimism around artificial intelligence infrastructure and the company’s recent strategic moves.

The stock gained momentum on Wednesday after Marvell’s board approved a new $5 billion share repurchase authorization and an accelerated buyback program, signaling management confidence in the company’s long-term outlook.

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