Seeking Alpha

Marvell makes new 52-week highs on Chromecast buzz

  • Marvell (MRVL +2.3%) shares are up 8% on the week, as investors react to glowing reviews and strong early demand for Google's $35 Chromecast HDMI streaming stick, which (as shown in teardowns) uses an ARM-based Marvell SoC.
  • Marvell has followed up by announcing a new SoC for Chromecast hardware.
  • Shares +80% YTD. David Einhorn must be happy.
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