What's Going On With Marvell Technology Stock Friday?
Portfolio Pulse from Dylan Berman
Marvell Technology shares are rising due to positive comments from Federal Reserve Chair Jerome Powell about potential rate cuts. The company is set to report earnings soon, with analysts maintaining a positive outlook.
August 23, 2024 | 5:15 pm
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Marvell Technology shares are up 3.03% following Fed Chair Powell's comments on potential rate cuts. The company is also set to report its Q2 earnings soon, with analysts maintaining a positive outlook.
The rise in Marvell Technology's stock is driven by broader market optimism following Powell's comments on rate cuts, which generally benefit tech stocks. Additionally, the upcoming earnings report and positive analyst ratings contribute to the positive sentiment.
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