Jensen Huang says Marvell Technology could be the next chip firm to join the trillion-dollar club, predicting a surge in demand for AI hardware fueled by the emergence of autonomous models.
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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'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 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 (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 ...
Marvell (MRVL) stock closed the May 28 trading session up 3.09% at $204.03. The upbeat close followed the release of the first-quarter (Q1) fiscal year 2027 earnings report on May 27. The stock has rallied 141% year to date, as of Friday morning, May 29. Meanwhile, the SPDR S&P 500 index (SPY) ...
The stock market hit new highs on all the key indexes this past week, buoyed by Iran optimism, tumbling oil prices and mostly positive earnings. Snowflake, Dell Technologies, NetApp, Okta, Dycom Industries and Best Buy were notable earnings winners, though there were a number of losers too.
Marvell’s strong outlook and accelerating growth in data center networking, custom silicon, and interconnect solutions continue to support the bull case.
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 ...
The chipmaker posted record quarterly revenue of $2.42 billion and guided for $2.70 billion next quarter, citing exceptional AI-related bookings
Marvell boosts FY27 and FY28 revenue targets as AI networking demand surges, spotlighting interconnect, switching and custom silicon momentum.
Hi everyone! This is Cheng Ting-Fang, your #techAsia host this week, saying hello from sunny Taipei, the blazing-hot destination for global chip...
Marvell Technology Inc (MRVL) reports robust revenue growth and outlines strategic partnerships and acquisitions to drive future expansion.
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...
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 (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.
Marvell Technology posted better-than-expected first-quarter results and issued an upbeat second-quarter forecast, driven by strong growth in its data center and AI-related chip demand.
Marvell (MRVL) delivered earnings and revenue surprises of -0.39% and +0.59%, respectively, for the quarter ended April 2026. Do the numbers hold clues to what lies ahead for the stock?
(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
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.
The semiconductor company posted a smaller profit of $34.5 million due in part to acquisition costs, but revenue soared nearly 28% as its data center business booms.
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.
After a 131% surge, investors want proof that AI demand is still accelerating.