Why Marvell Technology Stock Surged This Week
Key Points
Marvell Technology gained ground thanks to news that the stock will be included in the S&P 500 index.
The company announced its new CFO and reiterated guidance for the current quarter.
Positive analyst coverage and Iran war news also lifted the stock.
- 10 stocks we like better than Marvell Technology ›
Marvell Technology (NASDAQ: MRVL) stock managed to close out this week's trading solidly in the green, posting a gain of 6.6% over the period. Across the same stretch, the S&P 500 and the Nasdaq Composite both notched gains of approximately 0.7%.
Marvell stock started the week's trading off with strong gains thanks to news of its upcoming inclusion in the S&P 500 index. The company also announced its new chief financial officer (CFO), reiterated its forward guidance, and benefited from bullish analyst coverage and market momentum connected to expectations that the Iran war could be winding down. With this week's gains, the stock is now up 229% year to date.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Image source: Getty Images.
Marvell stock banks another solid bullish week
Marvell stock rocketed higher in Monday's trading on the heels of news that the company is being added to the S&P 500 index. Inclusion in the index means that exchange traded funds (ETFs) that track the index will have to buy Marvell stock, which should create positive pricing pressure.
On June 11, Marvell announced that it had appointed Dan Durn as its new CFO. Durn had previously worked at Adobe. Along with the CFO news, the company reiterated its previously issued guidance for the current fiscal quarter.
Positive analyst coverage and Iran war news
On Friday, B. Riley published new coverage on Marvell -- reiterating a buy rating on the stock and raising its one-year price target from $240 per share to $345 per share. Craig Ellis, the firm's lead analyst on the stock, said he saw Marvell's deepening partnership with Nvidia, leadership changes, and inclusion in the S&P 500 index as bullish catalysts.
In addition to bullish analyst coverage, Marvell and many other artificial intelligence stocks saw strong valuation gains on Friday thanks to news that the U.S. and Iran were on the verge of agreeing to the terms of a basic peace deal. If the war draws to a close, it could be a significant positive catalyst for Marvell and other growth stocks.
Should you buy stock in Marvell Technology right now?
Before you buy stock in Marvell Technology, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Marvell Technology wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $433,268!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,259,391!*
Now, it’s worth noting Stock Advisor’s total average return is 935% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of June 14, 2026.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Adobe, Marvell Technology, and Nvidia. The Motley Fool recommends the following options: long January 2028 $330 calls on Adobe and short January 2028 $340 calls on Adobe. The Motley Fool has a disclosure policy.
Recommended Articles
