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.
US stock markets fell last week despite record highs, with tech and semiconductor shares dropping sharply after a strong May jobs report raised concerns about prolonged Federal Reserve rate hikes. The Nasdaq fell 4.68%, and semiconductor ETFs saw the...
S&P Dow Jones Indices announced changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective June 22, 2026. The updates include adding and removing several companies to better reflect their market capitalization categories. Notable ...
Marvell Technology, a chipmaker involved in AI infrastructure, and Flex, an electronics contract manufacturer, will join the S&P 500 index on June 22. They replace Pool Corp and The Campbell's Company. Marvell's stock rose 5% after Nvidia's CEO prais...
On June 5, chip maker stocks led losses in the S&P 500 with Micron falling 13%, Intel and Sandisk down 11%, and Marvel Technology dropping 16.7%. Despite the sharp declines, these stocks have seen strong gains earlier in 2026, with Micron up 249% and...
Major semiconductor stocks experienced a sharp sell-off on Friday, leading to the PHLX Semiconductor Index dropping 10.3%, marking its largest single-day decline since March 2020. This downturn reflects investors moving away from momentum stocks amid...
