US Stock Market Move | Marvell Technology, Inc. (MRVL.US) rose by 7% with third-quarter earnings exceeding expectations.

On Wednesday, Marvell Technology, Inc. (MRVL.US) rose 7% to $99.33. In terms of news, Marvell Technology, Inc. announced its third-quarter performance for the 2026 fiscal year yesterday, with revenue of $2.075 billion, a 37% year-on-year increase, exceeding expectations of $2.069 billion. Adjusted earnings per share were $0.76, exceeding the expected $0.74. The company expects data center business revenue to increase by over 25% in the 2027 fiscal year, significantly higher than the market expectation of 16%, and predicts further acceleration in growth in the 2028 fiscal year. On December 2, 2025, Marvell Technology, Inc. announced the acquisition of Celestial AI for up to $3.25 billion in cash and stock, with a potential total value of $5.5 billion. Through the acquisition of Celestial AI, Marvell has obtained a "future ace". If optical interconnection technology becomes the standard configuration for the next generation of AI servers (which is widely believed in the industry), Marvell will have core IP, greatly increasing its bargaining power when competing for orders from cloud giants such as Microsoft Corporation and Alphabet Inc. Class C.