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Marvell Stock Soars After Nvidia’s Huang Says It Could Be Next $1 Trillion Company
The Wall Street Journal78d agobullish
Marvell Stock Soars After Nvidia’s Huang Says It Could Be Next $1 Trillion Company

Marvell Technology shares have jumped more than 20% in premarket trading, after Nvidia's Jensen Huang said the company could be the next chip firm to join the trillion-dollar club. Speaking at the Computex trade show in Taiwan, Huang predicted a surge in demand for artificial-intelligence hardware fueled by the emergence of autonomous models. Addressing the technical challenges of scaling massive AI data centers, Huang said that computing is becoming increasingly disaggregated and distributed, and to tie these sprawling systems together, the industry must rely heavily on advanced connectivity.

Marvell Technology surges after Nvidia's Huang calls it 'next trillion-dollar company'
Reuters78d agobullish
Marvell Technology surges after Nvidia's Huang calls it 'next trillion-dollar company'

Marvell Technology's shares surged ‌more than ‌24% in premarket trading ​on Tuesday after Nvidia CEO Jensen Huang called the chipmaker ‌the ⁠next "trillion-dollar company." Huang and Marvell CEO Matt ⁠Murphy were speaking at an ​event at ​the ​Computex week ‌in Taipei on Tuesday. Marvell shares were last up 24.4% at $272.9, set to add ‌more than $47.2 ​billion in ​market ​capitalisation if ‌gains hold.

Broadcom Earnings, Jobs Report: What to Watch This Week
The Wall Street Journal78d agoneutral
Broadcom Earnings, Jobs Report: What to Watch This Week

Broadcom is set to be the final semiconductor giant to report earnings for the quarter, as a historic rally in chipmaker stocks shows little signs of abating. Investors will also watch Friday’s jobs report—one of the first major economic indicators that will inform the Federal Reserve under its new chairman, Kevin Warsh.

Nvidia’s latest product is a game-changer
TheStreet80d agoneutral
Nvidia’s latest product is a game-changer

Nvidia (NVDA) stock is up about 15.44% year to date, at the time of writing, Friday afternoon, May 29. Meanwhile, the SPDR S&P 500 index (SPY) is up about 11.06% in the same period. While the stock has outpaced the S&P 500, its growth is lagging that of other semiconductor companies that ...

Barclays resets Marvell stock price target after earnings
TheStreet82d agoneutral
Barclays resets Marvell stock price target after earnings

Marvell Technology has gained more than 200% in the past 12 months. It just reported record revenue, guided above expectations, and told investors that growth would accelerate every single quarter through the rest of the fiscal year. For Barclays analyst Tom O'Malley, that was enough to nearly ...

Marvell Technology (MRVL) Valuation Check After AI Driven Earnings Beat And Multiyear Guidance Lift
Simply Wall St.83d agobullish
Marvell Technology (MRVL) Valuation Check After AI Driven Earnings Beat And Multiyear Guidance Lift

Marvell Technology (MRVL) kicked off its latest earnings season with first quarter revenue that topped analyst expectations, supported by strong demand for AI and data center chips and a higher multiyear revenue outlook. See our latest analysis for Marvell Technology. The strong AI data center story is now clearly reflected in the price, with the stock delivering a 30 day share price return of 25.59% and a 1 year total shareholder return of 208.46%, even after a one day pullback of 4.59%. If...

Marvell (MRVL) Q1 2027 Earnings Transcript
Motley Fool83d agoneutral
Marvell (MRVL) Q1 2027 Earnings Transcript

For the first quarter of fiscal 27 Marvell delivered record revenue of $2.418 billion reflecting 9% sequential and 28% year over year growth. Revenue exceeded the midpoint of guidance and as a result non-GAAP earnings per share of $0.80 exceeded the midpoint of guidance by $0.01 We are seeing strong demand and exceptional bookings across our entire data center portfolio. This robust demand is reflected in our guidance for the second quarter of 27, which we expect total company revenue to grow 12% sequentially and 35% year over year at the midpoint.

Marvell Technology Q1 Earnings Call Highlights
MarketBeat83d agoneutral
Marvell Technology Q1 Earnings Call Highlights

Marvell Technology (NASDAQ:MRVL) reported record revenue for its first fiscal quarter of 2027 and raised its revenue outlook for both fiscal 2027 and fiscal 2028, citing accelerating demand across its data center portfolio and continued customer investment in artificial intelligence infrastructure.

Bloomberg83d agoneutral
Marvell Boosts Annual Forecast, Citing AI-Fueled Demand

(Bloomberg) -- Marvell Technology Inc. delivered a quarterly forecast that exceeded analysts’ estimates and boosted its outlook for the year, citing demand for chips used in AI data centers. Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermEx-President Biden Sues to Stop DOJ Sharing Interview TapesPutin Signs Law on Use of Army to Aid Russians Detained AbroadTwo More Oil Supertankers Exit Hormuz to Help

Marvell’s Data-Center Boom Powers Earnings Beat—and a Stock Surge
Barrons.com83d agobearish
Marvell’s Data-Center Boom Powers Earnings Beat—and a Stock Surge

The data-center boom is still going strong for Marvell Technology The chip company reported better-than-expected first-quarter revenue and sees higher revenue than expected in the current quarter. Marvell reported revenue of $2.42 billion, compared with Wall Street estimates of $2.41 billion, according to FactSet. Adjusted earnings for the quarter of 80 cents per share were in-line with analyst expectations.

Investing.com83d agobullish
Marvell Technology beats estimates on AI demand strength

Investing.com -- Marvell Technology Inc (NASDAQ:MRVL) reported first-quarter fiscal 2027 results that exceeded analyst expectations, driven by strong demand for its AI and data center solutions, sending shares up 2.8% in after-hours trading Wednesday.