Marvell Technology's stock soared 5.07% during intraday trading on Tuesday, reflecting strong investor sentiment toward the semiconductor company.

The significant price movement was primarily driven by news of Anthropic's landmark 10-year, $100 billion computing power agreement with Amazon Web Services (AWS). This massive deal signals sustained, long-term demand for custom silicon and data center connectivity solutions, directly benefiting key suppliers in the cloud infrastructure ecosystem like Marvell Technology.

The market interpreted this unprecedented cloud infrastructure commitment as a major positive for companies providing essential components for data centers, leading to broad strength across the semiconductor sector during the trading session.