Yahoo Finance
Marvell Technology (MRVL) has been one of the market's great artificial intelligence (AI) stories this year.
Valued at a market capitalization of roughly $233 billion, MRVL stock has more than tripled year-to-date (YTD), riding a wave of demand for the kinds of chips that keep giant data centers running.
Now, a single date on the calendar — June 22 — will act as a near-term tailwind for the large-cap chip stock.
It's an event that could change who owns shares of Marvell Technology and how many.
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Subscribe today! Marvell was founded in 1995 and designs high-performance chips used across global data infrastructure, cloud computing, AI, enterprise networking, 5G carrier networks, and automotive systems.
In plain terms, Marvell sells the plumbing of the AI buildout.
When a computing job is broken into pieces and spread across thousands of chips in a data center, those chips need to share data quickly.
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