Marvell Technology Reaches $100 Billion Valuation After Earnings Beat And Amazon Deal
Shares of Marvell Technology surged to a record high on Wednesday, as the semiconductor firm eclipsed a market capitalization of $100 billion for the first time after reporting better-than-expected earnings and an expanded deal with Amazon to collaborate on cloud software and hardware.
Marvell Technology Price Levels to Watch as Stock Soars After Strong Earnings
Shares in Marvell Technology jumped in premarket trading Wednesday after the chipmaker posted strong quarterly results and issued a rosy outlook amid robust demand for its custom AI chips. Monitor these key chart levels.
Marvell Stock Soars 23% as Strong Demand for Custom Artificial Intelligence (AI) Chips Drives Q3 Results and Guidance Above Expectations
The data center end market's phenomenal growth of 98% year over year was driven by strong demand for the company's AI -related products. These mainly include its custom AI chips -- which are application-specific integrated circuits (ASICs) -- and interconnect products for AI-enabled data centers.
Marvell Technology Posts Solid Q3 Beat: Analysts Raise Forecasts, Expect 40%-50% Earnings Growth
Marvell Technology reported upbeat earnings amid exciting earnings season. Analysts raised their price targets, expecting strong growth.
Marvell Technology Stock Jumps on Optimism Driven by ‘Custom AI’
Marvell Technology shares led Nasdaq 100 stocks higher in the wake of strong fiscal third-quarter results released after the bell Tuesday.
Why Marvell Technology Stock Was Soaring Today
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 demand and guidance.
Salesforce And Marvell Deliver Strong Earnings; Amazon Moves In On Nvidia
Today, however, brings some earnings, the ADP report on private payrolls and Fed Chairman Powell will also be speaking.
Marvell’s Earnings Surprise Street as AI Boosts Chip Sales
The biggest contributor to the company’s growth was sales of new custom AI acceleration chips for Amazon.com and other ...
Nvidia Rival Marvell's Custom AI Chip Business Drives Earnings Beat. Shares Jump.
Marvell posted fiscal Q3 earnings and revenue that topped estimates amid strong demand for its custom chips for artificial ...
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Live Updates: Tech Leads Nasdaq Composite as Marvell (MRVL) & Salesforce (CRM) Soar
Live Updates Make sure to refresh this page periodically for updates. OpenAI Usage Continues Accelerating 12:51 pm At the NY ...
Marvell Rallies After AI Computing Demand Bolsters Outlook
Marvell Technology Inc. jumped in late trading after the company delivered better-than-expected results and an upbeat ...
Salesforce, Marvell, and Okta all jump on earnings: Yahoo Finance
A trio of big tech stocks are helping fuel markets this morning. Salesforce, Marvell Technology, and Okta all issued ...