Marvell Technology Inc. Stock Drops 2.12% With $10.25 Billion Trading Volume Ranking 59th Amid $2.5 Billion Automotive Ethernet Unit Sale

On April 14, 2025, Marvell Technology Inc. (MRVL) experienced a decline of 2.12% in its stock price, with a trading volume of $10.25 billion, ranking 59th in the day's market activity.

Marvell Technology Inc. has announced the sale of its Automotive Ethernet unit to Infineon Technologies for $2.5 billion. This strategic move is aimed at streamlining Marvell's portfolio and focusing on its core competencies in data infrastructure and connectivity solutions.

Following the announcement of the sale, Marvell's stock has maintained a target price of $125. This decision reflects the market's confidence in Marvell's ability to generate value from the divestment and reinvest in growth opportunities. The sale of the Automotive Ethernet unit is expected to enhance Marvell's financial flexibility and allow the company to pursue strategic initiatives that drive long-term growth.