Stock Market Today, March 31: Marvell Technology Surges After Nvidia Invests $2 Billion in AI Partnership

By Howard Smith – Mar 31, 2026 at 4:57PM ESTExpandNASDAQ: MRVLMarvell TechnologyToday's Change(12.84%) $11.27Current Price$99.08Key Data PointsMarket Cap$77BDay's Range$93.07 - $99.5452wk Range$47.09 - $102.77Volume2.3MAvg Vol17MGross Margin50.10%Dividend Yield0.27%Marvell Technology (MRVL +12.84%), data infrastructure semiconductor provider, closed Tuesday at $99.05, up 12.8%. The stock jumped after Nvidia (NVDA +5.56%) announced a $2 billion equity investment and expanded AI infrastructure partnership. Investors will be watching how the tie-up translates into sustained AI data center-related sales growth for both companies.Trading volume reached 50.9 million shares, coming in about 194% above its three-month average of 17.3 million shares. Marvell Technology IPO'd in 2000 and has grown 595% since going public.How the markets moved todayThe S&P 500 (^GSPC +2.91%) advanced 2.92% to 6,529, while the Nasdaq Composite (^IXIC +3.83%) climbed 3.83% to finish at 21,591 as growth stocks outperformed. Among semiconductors and related devices, industry peers Broadcom (AVGO +5.41%) closed at $309.51 (+5.49%) and Qualcomm (QCOM +1.26%) finished at $128.78 (+1.35%), underscoring broad strength in AI-focused chipmakers.What this means for investorsAdding to a string of $2 billion investments to help expand its AI dominance, Nvidia agreed to invest that amount in Marvell as the companies also announced a strategic partnership. Marvell’s data center connectivity solutions will tie into Nvidia’s AI factory offerings through its NVLink Fusion™ rack-scale platform. The partnership will boost Marvell’s role in AI infrastructure, driving investors to bid up its shares today. That will help funnel more of the massive spending on data center infrastructure to Marvell. Earlier this month, Marvell reported fiscal 2026 revenue soared 42% year over year driven by strong AI demand. Today’s news has investors thinking that growth can continue. Read NextMar 27, 2026 •By John BallardMarvell's Data Center Revenue Just Grew 21%. Here's Why This Artificial Intelligence (AI) Stock Could Deliver 50% Upside in 2026.Mar 18, 2026 •By Adam Levy1 Can't-Miss Artificial Intelligence (AI) Stock to Buy With $100 Right NowMar 15, 2026 •By Scott LevineBest 5G Stocks for 2026 and How to InvestMar 13, 2026 •By Harsh ChauhanPrediction: This Artificial Intelligence (AI) Stock Will Turn $10,000 Into $15,000 by the End of 2026Mar 13, 2026 •By Rick OrfordPrediction: Massive AI Infrastructure Growth Could Send Marvell Technology HigherMar 10, 2026 •By Geoffrey SeilerMarvell Technology Shares Jump on Strong AI Growth.

Is It Too Late to Buy the Stock?About the AuthorHoward Smith is a contributing Motley Fool stock market analyst covering technology and industrial stocks. Prior to The Motley Fool, Howard spent nearly 30 years supervising quality and operations in the steel industry, mostly with leading steel company Nucor. He holds a bachelor’s degree in metallurgical engineering from Lafayette College and a master’s degree in environmental engineering from Johns Hopkins University.TMFBuilt2LastStocks MentionedMarvell TechnologyNASDAQ: MRVL$99.08(+12.84%)+$11.27BroadcomNASDAQ: AVGO$309.29(+5.41%)+$15.88QualcommNASDAQ: QCOM$128.67(+1.26%)+$1.60*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.