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 revenue and AI-related bookings. Despite this, Cramer remains cautious about whether Marvell's earnings can support its high valuation, currently around $273 billion with a forward P/E of 69. Investors will watch upcoming earnings to see if Marvell can sustain growth and diversify beyond its heavy reliance on data center customers.
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,...
