What's Going On With Marvell Technology Stock Friday?

Marvell Technology Inc. (NASDAQ: MRVL ) stock traded lower by about 2% Friday, bucking a modestly positive broader market. The Nasdaq rose 0.02%, while the S&P 500 gained 0.26%. The decline comes after a strong 12-month run for Marvell. Investors are also positioning ahead of the chipmaker’s earnings report next week. With major indexes trading higher, Marvell’s decline appears more stock-specific than part of a broader risk-off move. Earnings are also approaching. Marvell is scheduled to report results Aug. 27. That could prompt some investors to reduce risk before the announcement. BMO Sees Marvell Gaining Ground In AI Infrastructure A bullish analyst call added to the focus on Marvell’s longer-term AI and data center growth prospects. Trending Get a 1% Match on Your First Deposit of $1,000+ BMO Capital Market...