Tag: marvell
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Marvell selloff deepens as investors seek clarity on Google AI deal payoff
Aug 28 : Chip designer Marvell Technology’s shares fell more than 8 per cent to $221.6 in early trading on Friday as investors looked beyond the company’s solid results in search of fresh clues for long-term growth.Marvell has become a market darling fueled by the AI spending boom as Big Tech races to adopt c
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Marvell shares slide as concerns over timing of Google AI deal revenue eclipse strong results
Aug 28 : Marvell Technology’s shares fell 8 per cent to $223.1 in premarket trading on Friday as concerns about the potential upside from its AI chip deal with Google overshadowed better-than-expected results from the semiconductor designer.The company secured a custom-chip deal with Alphabet’s Google last we
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Marvell gives Google option to buy $12.2 billion stake in custom AI chip deal
Aug 19 : Marvell Technology will help develop Google’s in-demand custom chips and has offered the search giant the right to buy a potential $12.2 billion stake, the latest deal in which Big Tech is investing in the suppliers powering its AI build-out.Shares of the chipmaker jumped nearly 8 per cent as the dea
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Marvell names Adobe’s Dan Durn as finance chief amid growing AI demand
June 11 : Marvell Technology on Thursday named Adobe’s Dan Durn as chief financial officer, succeeding Willem Meintjes, who is stepping down after more than three years in the role.Durn will take charge at Marvell starting June 15, while Meintjes will remain with the semiconductor company in an advisory role
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Marvell shares jump after chipmaker wins spot in S&P 500
June 8 : Marvell Technology shares climbed more than 9 per cent on Monday after the chipmaker was set to join the benchmark S&P 500 at the end of June, in the latest boost to a stock that has surged recently.Its shares have gained about 59 per cent since May 27 after the company forecast…
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Marvell to join S&P 500 after AI boom helps chipmaker pass profitability test
June 5 : Marvell Technology is set to join the benchmark S&P 500 index, S&P Dow Jones Indices said on Friday, sending the chipmaker’s shares up 6 per cent in extended trading.The company will join the benchmark index later this month, after it recently cleared a key profitability hurdle riding a blistering AI
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