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Marvell Technology Price Levels to Watch
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.
Why Marvell Technology Stock Was Soaring Today
Shares of Marvell Technology ( MRVL -4.05%) 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 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.
2d
on MSN
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Marvell Q3: Lofty Expectations Could Burn Investors (Downgrade)
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Marvell Soars to Record High After AI Demand Bolsters Outlook
Marvell Technology Inc. jumped in late trading after the company delivered better-than-expected results and an upbeat ...
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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.
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Marvell Pivots To AI Silicon, Looks Poised To Profit
It is hard to bet against the GenAI boom, and thus far it is also hard for anyone other than Nvidia to profit from it. No one ...
2d
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 ...
2d
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 ...
3d
on MSN
Intel Considers Outsiders for CEO, Including Marvell’s Head
Intel Corp.’s search for a new chief executive officer will focus heavily on outsiders, with the chipmaker considering ...
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