Marvell Technology Stock Jumps as AMD Reveals $10M Stake

TigerMay 13, 2026 2:01 PM

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Marvell Technology shares jumped 8.8% in morning trading after chip giant Advanced Micro Devices (AMD) disclosed a stake in the company.

A 13F filing released Tuesday showed AMD owned 65,516 shares of Marvell valued at roughly $6.5M at the end of March. Based on Marvell’s latest closing price, the stake is now worth about $10.7M.

The filing also revealed AMD retained positions in Sanmina, with 1.15M shares, and ABSCI, where it held 5.71M shares. In addition, AMD disclosed a new position in Xanadu Quantum Technologies valued at approximately $1.5M.

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