Marvell Technology, Inc. has raised its revenue guidance for fiscal years 2027 and 2028 to $11 billion and $15 billion respectively, driven by a 35% compound annual growth rate primarily from its data center segment. Strategic acquisitions like Celestial AI and XConn enhance Marvell's capabilities in optical and hybrid PCIe/CXL chips, positioning the company to meet growing hyperscaler demand and reduce dependence on Nvidia. Despite risks such as customer concentration and competition from Broadcom, Marvell's advanced technology and expanding portfolio support its potential for long-term market share growth.
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,...
