Why Marvell Stock Sank While Inphi Stock Skyrocketed Today

Evan Niu, CFA, The Motley Fool
·2 min read
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.