Marvell Technology shares led Nasdaq 100 stocks higher in the wake of strong fiscal third-quarter results released after the bell Tuesday.

Marvell (Nasdaq: MRVL) reported earnings after the bell today and as of 4:45 p.m. ET, its shares are up 9%. Let's dive into the most important numbers in its earnings report and look at the key drivers that could move its share price in 2025.

Marvell Technology Inc (NASDAQ:MRVL) earlier issued upbeat fiscal-fourth quarter guidance due to artificial intelligence (AI) demand. The company also reported a top- and bottom-line win for the third quarter and saw no fewer than 17 price-target hikes, including one from Rosenblatt Securities to $140 from $120.

Marvell tops estimates. Year-over-year revenue growth remained modest at Marvell as it continues to work through an earlier slowdown in the chip sector, but the company still topp