Marvell Technology, Inc.
(NASDAQ:MRVL) stock rose more than 3% in Thursday's premarket session as investors returned to semiconductor stocks amid improving risk appetite and growing confidence that the AI infrastructure buildout remains in its early stages.
The advance came alongside strength across equity futures and semiconductor names.
The Nasdaq gained 1.18% in premarket trading, while the Russell 2000 rose 1.34%.
The iShares PHLX SOX Semiconductor Sector Index Fund climbed nearly 3%, highlighting broad-based demand for chip stocks.
