Marvell Technology (NASDAQ: MRVL) pleased shareholders with a new $5 billion share buyback program, boosting stock by 7%. The company also initiated a $1 billion accelerated share repurchase program. CEO Matt Murphy expressed confidence in the business, citing a 58% revenue increase and a net profit of $195 million.

Marvell Technology has been performing well, with record revenue exceeding $2 billion and a net profit turnaround. Despite this success, the Motley Fool Stock Advisor team did not include Marvell in their list of the top 10 stocks for investors to buy now. The top 10 stocks they recommended in the past have shown significant returns, outperforming the S&P 500 by a wide margin. Consider joining Stock Advisor for access to their latest recommendations.

Read more at Yahoo Finance: Why Marvell Technology Stock Trounced the Market Today