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Marvell shares rose on rumors of past SoftBank acquisition talks, boosted by AI-driven semiconductor demand.
Marvell Technology shares rose Thursday on reports that SoftBank had explored a potential acquisition earlier in 2025, possibly including a merger with Arm Holdings, though no current talks are ongoing.
The stock hit a high of $98.13 before settling at $94.06, up 1.25%, supported by strong technical indicators and rising investor interest despite a year-to-date decline of about 18%.
The move follows broader semiconductor sector activity driven by AI demand.
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Las acciones de Marvell subieron debido a los rumores de conversaciones de adquisición de SoftBank, impulsadas por la demanda de semiconductores impulsados por IA.