Marvell Technology surges nearly 8% on chip sector rally led by Micron, Western Digital gains
MRVL•Marvell Technology shares jumped 7.9% Wednesday on a chip sector rally led by Micron’s 8.38% surge and Western Digital’s 8.73% gain. The broader Nasdaq semiconductor index climbed 0.73%, lifting peer stocks including Broadcom (+1.67%) and Sandisk (+5.3%).
1. Chip Sector Rally Lifts Marvell
Marvell Technology climbed 7.9% as a broad rally in semiconductor stocks took hold Wednesday. Micron led gains with an 8.38% rise, Western Digital jumped 8.73% and Sandisk added 5.3%, sending the Nasdaq semiconductor index up 0.73% and providing momentum across the sector.
