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Marvell stock ends week with an 8% jump as chip rally returns — but a new share-sale filing hangs over Monday
Marvell Technology Inc. (MRVL) saw an 8.18% increase on Friday due to a chip stock rally, closing at $80.28. However, a new share-sale filing for up to 24,222,758 shares, related to its Celestial AI acquisition, is set to impact Monday’s trading as Marvell will not receive proceeds from these sales. The market is weighing continued AI spending benefits against potential share dilution and upcoming economic data, including the U.S. January CPI report.