Marvell Technology expects its fiscal 2027 revenue to reach nearly $11 billion, fueled by strong demand for AI infrastructure and optical interconnect technologies. The company raised its growth outlook for interconnect products to 50%, reflecting a shift where optics demand is more closely tied to AI accelerator deployment rather than general cloud spending. Strategic partnerships, like Nvidia's NVLink, and recent acquisitions position Marvell as a key player in scaling AI networking and future photonics technology beyond traditional markets. This transformation highlights Marvell's expanding role beyond just AI accelerator chips to becoming a critical connectivity provider for hyperscale AI platforms.
The FTSE 100 index fell slightly, dragged down by mining stocks reacting to China's slower GDP growth of 4.3% in Q2, its weakest in three years. Despite this, oil prices remained steady amid US-Iran tensions. PayPal shares jumped over 14% following r...
The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) has delivered a 48.9% return year-to-date, nearly doubling the 25% return of the Vanguard Information Technology ETF (VGT). Unlike VGT, which heavily invests in mega-cap tech giants like Nvidia,...
