Marvell Technology Inc MRVL shares closed Thursday up 6.62% to $57.33, riding the broader rally in technology and semiconductor stocks fueled by strong economic data and easing trade tensions.

What To Know: The surge follows March's robust 9.2% jump in U.S. durable goods orders, the largest since July 2024, which bolstered investor confidence in industrial demand, particularly for capital goods.

Though the computers and electronic products category — relevant to Marvell — saw a slight decline, the sector overall benefited from optimism tied to defense and non-defense capital equipment orders.

Additionally, improving sentiment around U.S.-China trade relations, with the White House exploring exemptions for Chinese auto parts, reduced geopolitical uncertainty that had previously pressured chipmakers. Tech stocks, especially semiconductors, outperformed the broader market, supported by bullish earnings in the sector.

Marvell, known for its data infrastructure semiconductor solutions — including chips for cloud, 5G and automotive applications — benefits from investor rotation into high-growth, AI-driven hardware names.

The Nasdaq 100's 2.5% midday rally also helped amplify Marvell’s upward momentum.

How To Buy Marvell Stock

Besides going to a brokerage platform to purchase a share — or fractional share — of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, for Marvell Technology, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

Investors can gain exposure to Marvell by investing in the VanEck Semiconductor ETF SMH

According to data from Benzinga Pro, Marvell has a 52-week high of $127.48 and a 52-week low of $47.09.

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