(Updates with stock price movement in the headline and the first paragraph.)

Marvell Technology (MRVL) shares rose 6.4% in Tuesday trading after CEO Matthew Murphy projected revenue of $12 billion in 2026 and $18 billion in 2027, up from a prior combined forecast of $20 billion for the two years, according to a conference transcript.

Price: 288.68, Change: +17.43, Percent Change: +6.43