Three semiconductor companies—Astera Labs, ON Semiconductor, and Marvell Technology—reported strong Q1 2026 earnings with revenue beats and optimistic forward guidance driven by AI data center demand. Astera Labs grew revenue 93% YoY, focusing on connectivity silicon for AI racks. ON Semiconductor showed a 5% revenue rise and doubled AI data center revenue, signaling recovery beyond cyclical lows. Marvell Technology posted 28% revenue growth with significant AI-related bookings and raised its outlook for fiscal 2027 and 2028. These firms represent promising AI infrastructure plays beyond headline names like NVIDIA, with upcoming earnings and hyperscaler spending to watch closely.
The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) offers investors concentrated exposure to AI infrastructure and hardware companies, emphasizing semiconductor and hardware integrators like Marvell, MediaTek, and Dell. Unlike many tech ETFs tha...
Tower Semiconductor has shipped over five million coherent photonic integrated circuits to Marvell Technology, supporting AI-driven data center networks with enhanced bandwidth and efficiency. This milestone reflects Tower's focus on advancing next-g...
Marvell Technology's stock surged to an all-time high of $323.05 amid rising demand for AI, prompting KeyBanc to raise its 12-month price target from $260 to $385, implying a 19% upside. The bullish outlook is driven by Marvell's strong position in d...
Nine Federal Open Market Committee (FOMC) members anticipate interest rate hikes due to an energy shock, despite signs that a US-Iran agreement is reversing. Energy costs caused 60% of the May Consumer Price Index (CPI) increase, but with oil prices ...
Jim Cramer highlighted Marvell Technology as a key AI hardware stock after NVIDIA CEO Jensen Huang suggested it could join the trillion-dollar club. Marvell's stock has surged dramatically, rising 361% over the past year, driven by strong data center...
