Marvell Technology's stock has surged over 220% since last September, driven by strong growth in its data center business which now accounts for 76% of total revenue. The company expects its interconnect business to grow 70% in fiscal year 2027 and custom ASIC revenue to double in fiscal year 2028, reducing reliance on hyperscaler capital expenditure cycles. Despite a high valuation, the positive outlook and diversified exposure to hyperscalers support continued upside potential for the stock.
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,...
