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Chris Markoch

BIZARRE: Marvell gets tariff lifeline but expect more volatility - You Need To See This

Marvell MRVL Donald Trump Dan Ives Microsoft Infineon MarketBeat
[content-module:CompanyOverview|NASDAQ:MRVL]

Shares of Marvell Technology Inc. (NASDAQ: MRVL) spiked over 10% higher on April 9 after the Trump administration announced a 90-day pause on reciprocal tariffs. Additionally, the company announced it had sold its Automotive Ethernet business to Infineon Technologies AG (OTC: IFNNY) for $2.5 billion. However, the stock was back down by more than 7% on April 10 as investors had time to consider what, if anything, had really changed.

Marvell is one of the leading designers and developers of application-specific integrated circuits (ASICs) that are used in applications including cloud computing, wireless communications, and storage solutions. Microsoft Corp. (NASDAQ: MSFT) is one of the company’s largest customers. 

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