Marvell Technology Stock Breaks Record on Beat-and-Raise
Marvell Technology Inc (NASDAQ:MRVL) earlier issued upbeat fiscal-fourth quarter guidance due to artificial intelligence (AI) demand. The company also reported a top- and bottom-line win for the third quarter and saw no fewer than 17 price-target hikes, including one from Rosenblatt Securities to $140 from $120.
Shares of Marvell Technology surged to a record high on Wednesday, as the semiconductor firm eclipsed a market capitalization ...
Marvell Technology reported upbeat earnings amid exciting earnings season. Analysts raised their price targets, expecting ...
Wall Street firmly believes that the latest results and guidance from Marvell Technology (MRVL) are another reason why the ...
Marvell stock rallied about 20% following strong Q3 earnings. Wall Street analysts see further upside in shares of the ...
The company expects its sales momentum to accelerate this quarter. Marvell is forecasting revenue of $1.8 billion with a 5% ...
"We are seeing strong custom AI demand continue into the fourth quarter and have secured supply chain capacity to support our customers' growth forecast," CEO Matt Murphy said on Tuesday. Reuters ...
Why It Matters: Invesco increased its stake by 42% in the third quarter by adding 3.65 million shares to own a total of 12.42 ...
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