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Nasdaq-100 pops over 2% as Marvell's +13% surge leads the tech rebound

U.S. technology shares staged a strong rebound, with the Nasdaq-100 rising 2.5% and the Nasdaq Composite up 1.8% after last week’s sharp selloff. The move was led by a 13% surge in Marvell, helping stabilize broader sentiment across AI and chip stocks. The article frames the rally as a relief bounce in the tech-heavy market rather than a shift in fundamentals, but it signals renewed risk appetite after recent weakness. The Nasdaq-100’s strength also lifted related ETF proxy QQQ, and several semiconductor names were highlighted in the broader market context as part of the tech recovery.

Category

US Tech 100

Sentiment

Bullish

Event

Price movement

Reading time

1 min