Marvell makes new 52-week highs on Chromecast buzz

|About: Marvell Technology Group, Ltd. (MRVL)|By:, SA News Editor

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.