Marvell Technology reported a record Q1 FY27 revenue of $2.418 billion, driven by its shift to AI data center infrastructure. The company’s strategic partnership with NVIDIA on NVLink Fusion and custom XPUs strengthens its role in the AI ecosystem, meeting growing hyperscaler demand. Management projects FY28 revenue of $16.5 billion and expects custom silicon sales to exceed $10 billion by FY29, with data center growth around 50% this year. Despite a premium valuation, Marvell is considered a buy for investors seeking exposure to high-growth AI infrastructure, though risks include execution challenges and supply chain issues.
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,...
