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MRVL, INTC, AMD Stocks Clocked 52-Week Highs Last Week: What Drove Chip Stocks Higher?
Marvell Technology (MRVL), Intel (INTC), and Advanced Micro Devices (AMD) shares reached 52-week highs last Friday, driven by increasing investor confidence in the AI infrastructure boom. Marvell benefited from demand for optical networking in AI data centers, Intel is repositioning itself as a key AI infrastructure player through foundry services, and AMD secured a multi-year deal with Meta Platforms for its AI infrastructure. Analyst ratings and retail sentiment remain largely bullish for these chip stocks.