Markets Score 32 Neutral

Marvell Leads Nasdaq 100 Gainers as Zscaler Slumps

Apr 09, 2026 14:24 UTC

MRVL, ZS, AXON, TXN

Immediate term

Marvell Technology shares rose sharply in early Thursday trading, contrasting with a significant decline for Zscaler. Other notable movements included losses for Axon Enterprise and modest gains for Texas Instruments.

MRVL trading up 3.6%
ZS trading down 7.0%
ZS YTD decline of 43.0%
AXON trading down 5.0%
TXN trading up 2.0%

Marvell Technology (MRVL) emerged as a top performer among Nasdaq 100 components during early trading on Thursday, with shares climbing 3.6%. The gain positions the semiconductor firm as one of the day's strongest movers within the tech-heavy index. In contrast, Zscaler (ZS) faced significant selling pressure, trading down 7.0% in the early session. This latest drop further compounds a difficult period for the cybersecurity provider, which has seen its year-to-date performance plummet by approximately 43.0%. Other notable activity within the index included Axon Enterprise (AXON), which saw its shares slide 5.0%. Meanwhile, Texas Instruments (TXN) provided a positive counterpoint in the semiconductor space, trading up 2.0% as the session progressed. These divergent moves highlight the ongoing volatility within the Nasdaq 100, particularly across the high-growth technology and semiconductor sectors. Traders continue to monitor these individual equity shifts as part of broader intraday market rotations.