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 ( MRVL 23.69%) 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. As of 1:03 p.m. ET, the stock was up 23.6% on the news.
Marvell stock analysis: overvalued or undervalued?
Marvell stock rallied about 20% following strong Q3 earnings. Wall Street analysts see further upside in shares of the semiconductor firm.
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 Technology Stock Breaks Record on Beat-and-Raise
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’s stock rises on strong AI demand, but this trend may be just as big
Chief Executive Matt Murphy, for his part, said that “the exceptional performance” in the fiscal third quarter and the outlook for the current quarter are mostly thanks to Marvell’s MRVL AI silicon programs and “robust ongoing demand” from cloud customers.
Marvell Technology Reports Strong Q3 Revenue Growth
Marvell Technology Group ( (MRVL) ) has released its Q3 earnings. Here is a breakdown of the information Marvell Technology Group presented to
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 earnings forecast, citing demand for artificial intelligence computing.
Stocks to Watch Wednesday: Salesforce, Marvell Technology, Pure Storage
The business software provider [raised its annual revenue outlook](
Marvell Technology Leads Nasdaq Driven by ‘Custom AI’
Key Takeaways Marvell Technology shares led all gaining Nasdaq 100 constituents Wednesday in the wake of strong fiscal third-quarter results released after the bell Tuesday.The chipmaker's fourth-quarter revenue forecast came in significantly higher than the analyst consensus estimate.
Marvell Technology (MRVL) Soars on Transformational AWS Agreement
Marvell Technology (NASDAQ:MRVL) is surging 22% higher heading into noontime trading after the semiconductor stock reported artificial intelligence was driving its business far higher than expected. The chipmaker said third-quarter revenue of $1.
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Salesforce And Marvell Deliver Strong Earnings; Amazon Moves In On Nvidia
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Intel’s Next CEO? Why Apple, TSMC, Marvell Executives Could Be in the Mix.
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Chipmaker Marvell’s market value jumps to record high on AI-powered Q4 forecast
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Goldman Sachs, Morgan Stanley, Bank Of Montreal Cut Positions In Marvell Technology — Invesco, T. Rowe Price Doubled Down
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