Shares of Marvell Technology surged to a record high on Wednesday, as the semiconductor firm eclipsed a market capitalization of $100 billion for the first time after reporting better-than-expected earnings and an expanded deal with Amazon to collaborate on cloud software and hardware.

Shares in Marvell Technology jumped in premarket trading Wednesday after the chipmaker posted strong quarterly results and issued a rosy outlook amid robust demand for its custom AI chips. Monitor these key chart levels.

Marvell shares are trading higher on Wednesday after the company reported better-than-expected 2025 fiscal-year third-quarter earnings and issued fourth-quarter guidance above estimates on Tuesday after the bell.

Marvell stock rallied about 20% following strong Q3 earnings. Wall Street analysts see further upside in shares of the semiconductor firm.

Chief Executive Matt Murphy, for his part, said that “the exceptional performance” in the fiscal third quarter and the outlook for the current quarter are mostly thanks to Marvell’s MRVL AI silicon programs and “robust ongoing demand” from cloud customers.

Key Takeaways Marvell Technology shares led all gaining Nasdaq 100 constituents Wednesday in the wake of strong fiscal third-quarter results released after the bell Tuesday.The chipmaker's fourth-quarter revenue forecast came in significantly higher than the analyst consensus estimate.

Marvell tops estimates. Year-over-year revenue growth remained modest at Marvell as it continues to work through an earlier slowdown in the chip sector, but the company still topp

Marvell Technology (NASDAQ:MRVL) is surging 22% higher heading into noontime trading after the semiconductor stock reported artificial intelligence was driving its business far higher than expected. The chipmaker said third-quarter revenue of $1.