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Why Did MRVL, AVGO, HPE Stocks Climb To 52-Week Highs Today? - Yahoo Finance
Overview
Shares of Marvell Technology, Broadcom and Hewlett Packard Enterprise climbed to 52-week highs as the ongoing AI rally lifted demand expectations for server, networking and enterprise AI hardware. Marvell jumped to an all-time intraday high after Nvidia CEO Jensen Huang publicly singled it out as a potential future trillion-dollar company at Computex, and Broadcom and HPE rode the same wave of investor enthusiasm for AI infrastructure. The move reinforces a broader sector trend where company-specific AI developments and endorsements are re-pricing chip and memory suppliers.
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