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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 ...
So the boom in Foxconn orders actually bodes well not only for Nvidia, but also for Broadcom and Marvell. In 2024, Broadcom rose by 110%, Marvell gained 84%, and Arm was up 64% -- all stellar results.
The company's shares jumped nearly 23% giving it a market capitalization of $102 billion. Intel had a market value of $94 billion after its stock fell 2.5%, adding to recent losses after CEO Pat ...
Then Marvell's rally came to a screeching halt with the May 30 release of its fiscal 2025 first-quarter results (for the three months ended May 4, 2024). The stock price fell 10% after the company ...
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.
One of the biggest semiconductor sector winners last year was Marvell Technology (NASDAQ: MRVL), up 83%. Unsurprisingly, this was due to its burgeoning artificial intelligence chip business.
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.
Marvell Technology, Inc. (NASDAQ:MRVL) will release earnings results for the third quarter, after the closing bell, on Tuesday, Dec. 3. Analysts expect the Wilmington, Delaware-based company to ...