Why Marvell Stock Sank While Inphi Stock Skyrocketed Today

Why Marvell Stock Sank While Inphi Stock Skyrocketed Today

Shares of Marvell Technology Group (NASDAQ: MRVL) have sunk by 4% today, while Inphi (NASDAQ: IPHI) stock has skyrocketed 26% as of 12:05 p.m. EDT. The moves came after Marvell said it would acquire Inphi in a $10 billion cash-and-stock deal. Marvell is looking to boost its exposure to the data center and 5G cellular technology.