MRVL

Marvell Technology (MRVL) Stock Soars on Strong AI Revenue Outlook

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Marvell Technology, Inc. (NASDAQ: MRVL) has witnessed an impressive surge of 28%, marking its biggest intraday increase since October 2001. The chipmaker’s stock soared after announcing its expectations for a significant revenue boost from artificial intelligence (AI) this year. On Friday, Marvell’s shares reached a high of $63.42 in New York, resulting in a year-to-date …

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Here’s Why Marvell Technology, Inc. (NASDAQ: MRVL) Stock Skyrockets Today

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Shares of Marvell Technology, Inc. (NASDAQ: MRVL) skyrocketed 32.67% following the release of its financial results for the first quarter of fiscal year 2024. The company’s Q1 net revenue reached an impressive $1.517 billion, showing a substantial year-on-year growth of 41%. Moreover, Marvell Technology reported a gross margin of 51.8% based on GAAP standards and …

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Here’s Why Advanced Micro Devices, Inc. (NASDAQ: AMD) Shares are Surging Today?

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On Friday, Advanced Micro Devices, Inc. (NASDAQ: AMD) witnessed a significant uptick in its share prices. This surge can be attributed to several key factors that have captured the attention of investors. Firstly, AMD is benefiting from the success of Marvell Technology, Inc. (NASDAQ: MRVL), which recently announced impressive Q1 results. Moreover, Marvell’s prediction of …

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