Chips Near Session Highs: Marvell Technology, Intel in Spotlight
Semiconductor stocks are leading the way higher, as two big investors disclosed positions in Marvell and Intel.
Marvell Technology Group Ltd. (NASDAQ: MRVL) shares are near session highs, as the chip company was in the news yesterday.
Renowned hedge fund investor David Einhorn of Greenlight Capital announced a position in the company when his 13F was disclosed. At last check, shares were up 19 cents to $15.03, a gain of 1.29%.
Warren Buffett disclosed that he had purchased a stake in Intel (NASDAQ: INTC), the world's leading semiconductor company. At last check, shares were up 76 cents to $25.39, a gain of 3.08% on 55 million shares.
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