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Marvell Technology shares surge after earnings beat. Here's how to play it

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Pros on CNBC discussed Marvell Technology as the stock surged after 1Q earnings beats.

Market Movers rounded up the best reactions from investors and analysts on Marvell Technology . The chipmaker's stock hit a new 52-week high Friday. A day earlier, Marvell posted beats on the top and bottom lines in its latest quarterly report.

On a conference call with analysts, CEO Matt Murphy said artificial intelligence is a "key growth driver," and the semiconductor company is now reassessing how it looks at the "tremendous" business potential of AI. Marvell shares gained 32.4% Friday.

 

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