Tag: marvell raises
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Marvell raises 2028 revenue forecast on strong AI data center demand
Oct 6 : Marvell Technology raised its fiscal 2028 revenue forecast to about $20 billion on Tuesday, above Wall Street estimates, as demand for its custom data center chips grows along with a surge in AI spending.Shares of the company rose about 7 per cent, while those of rival Broadcom advanced about 4 per ce
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Marvell raises annual forecasts, but shares fall as Google deal questions linger
Aug 27 : Marvell Technology failed to provide a meaningful increase to its long-term revenue outlook despite signing a major new AI chip agreement with Google, disappointing investors looking for evidence that the deal would accelerate growth sooner.The chipmaker’s shares slid over 6 per cent after hours on T
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