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Shares of Marvell Technology (NASDAQ: MRVL) were surging today after the semiconductor maker posted better-than-expected results in its third-quarter earnings report, driven in part by strong AI ...
Marvell is on track to exceed its earlier target of $1.5 billion in AI revenue in the current fiscal year, CEO Matt Murphy said on Tuesday. Chipmaker Marvell's market value jumps to record high on ...
Marvell has a smaller but similar portfolio to Broadcom's (NASDAQ: AVGO) semiconductor business, which is a collection of ASICs (application specific integrated chips) that cloud giants use to ...
Marvell Technology, Inc. is an American company, headquartered in Santa Clara, California, which develops and produces semiconductors and related technology. Founded in 1995, the company had more than 6,500 employees as of 2024, with over 10,000 patents worldwide, and an annual revenue of $5.5 billion for fiscal 2024.
Marvell's shares have risen nearly 60% this year as Wall Street has bet heavily on soaring demand for advanced chips that can support the complex processing needs of genAI. Marvell forecast fourth ...
Needham analyst N. Quinn Bolton raised the price target on Marvell Technology Inc (NASDAQ: MRVL) to $115 from $110 and reiterated a Buy. The price target implies a 30.9% upside. Marvell is Needham ...
However, Marvell beat Wall Street estimates for third-quarter revenue and profit, as the rapid adoption of artificial intelligence (AI) buoyed demand for its chips.
(Reuters) -Marvell Technology has won new business helping large U.S.-based cloud computing firms make custom chips for artificial intelligence it said on Thursday, but noted that its custom unit ...