Advanced Micro Devices and Marvell Technology Keep Growing Their Revenue. Here's What Else to Watch.
Marvell said AI-related bookings remained strong as data-center revenue grew 46% and fiscal 2028 revenue guidance rose 50% to about $18 billion.
6 Articles
6 Articles
Marvell Stock Falls Despite Surging Data Center Sales
TLDR MRVL stock has fallen more than 31% from its year-to-date high. Second-quarter revenue rose 37% to $2.73 billion. Data center revenue jumped 46% to a record $2.17 billion. Management expects third-quarter revenue of about $3.15 billion. Marvell secured a $12.2 billion custom chip deal with Google. Marvell Technology (MRVL) stock has fallen more than [...]
Marvell Technology stock faces more pain ahead despite solid revenue numbers
Marvell Technology (MRVL) stock has slipped over 31% from its year-to-date high, mirroring the performance of other semiconductor companies. The stock was recently trading around $223, down 32% from its highest point this year. Similarly, popular ETFs such as the Schwab Semiconductor Index Fund (SOXX) and the VanEck Semiconductor ETF (SMH) have fallen by more than 19% and 15%, respectively, from their yearly highs. Marvell Technology is growing…
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