Disruptive Tech ETF Holds 4.39% in Marvell as Shares Surge 11%
Fidelity Disruptive Technology ETF allocates 4.39% to Marvell Technology, whose shares jumped 11.38% following a Q4 beat: $2.22 billion revenue (+22% YoY) and $0.80 adjusted EPS. The data center–driven outlook, including projected 30% fiscal 2027 growth to $11 billion, may boost ETF returns.
1. ETF Exposure to Marvell Technology
Fidelity Disruptive Technology ETF (FDTX) holds 4.39% of its portfolio in Marvell Technology, making it one of the fund's largest single-stock positions. This exposure represents a key driver of FDTX returns given Marvell's prominence in AI and data center segments.
2. Impact of Earnings Beat on ETF Performance
Marvell reported Q4 revenue of $2.22 billion, a 22% year-over-year increase, and $0.80 adjusted EPS, surpassing consensus expectations. Shares rallied 11.38% in premarket trading, potentially boosting FDTX net asset value by nearly 0.5 percentage points.
3. Marvell's Future Outlook and ETF Implications
The company forecast fiscal 2027 revenue growth of over 30% to almost $11 billion and data center revenue gains near 50% in fiscal 2028. Such projections could underpin further gains in Marvell shares and enhance the overall performance of FDTX given the ETF's significant weighting.