Marvell Technology Inc (NASDAQ:MRVL) shares are trading higher on Monday. The stock is riding momentum from a strategic investment by NVIDIA Corp (NASDAQ:NVDA).

The Nasdaq rose 0.23% while the S&P 500 gained 0.17%.

• Marvell Technology stock is approaching key resistance levels. What’s behind MRVL new highs?

Nvidia Injects $2 Billion

Nvidia made a $2 billion equity investment in Marvell. This deal significantly deepens their NVLink Fusion partnership. It marks a “material escalation” in their collaboration, according to JPMorgan analyst Harlan Sur.

Expanding Custom Silicon Reach

The partnership now includes silicon photonics and AI-RAN for 5G and 6G networks. Sur maintained an Overweight rating on the stock following the news. He noted the deal specifies the full Nvidia technology stack for Marvell's custom ASIC XPUs.

AWS Integration Synergy

The deal clarifies the AWS and Nvidia collaboration for Trainium4. Sur wrote, “essentially confirming MRVL as AWS’s NVL Fusion integration partner.” This positioning bolsters Marvell's footprint in the hyperscale market.

Technical Analysis

The death cross in April (50-day SMA below the 200-day SMA) flagged a weaker trend at the time, but the golden cross in October flipped that longer-term signal back to bullish.

With a recent swing low on Feb. 5 and a swing high on March 26, the pattern leans toward higher highs and higher lows into today's push.

Marvell is up 113.02% over the last 12 months, a backward-looking gain that's consistent with sustained accumulation rather than a short-lived bounce.

  • Key Resistance: $108.50
  • Key Support: $107.50

MRVL Stock Price Activity: Marvell Technology shares were up 1.60% at $108.91 at the time of publication on Monday, according to Benzinga Pro data.

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