🟢 Marvell Technology Group is trading 7.3% up today after expanding its GlobalFoundries agreement

Marvell Technology Group is trading 7.3% up now at $246.46 after announcing an expanded multi-year agreement with GlobalFoundries on September 17, 2026.

• The deal increases SiGe production capacity for optical connectivity used in AI data centers, including pluggable optics, NPO, and CPO applications.
• The broader semiconductor rally supports the move, with SOXX up 2.78% and technology sentiment improving as major indexes advance; the agreement appears to be the primary catalyst.