Marvell Technology's stock surged to new highs driven by strong demand linked to AI infrastructure deals with Nvidia, Amazon, Anthropic, and Google. The company expects over 30% revenue growth for the next two fiscal years, fueled by its advanced optical technology and expanding customer base. However, the stock trades at a high valuation of more than 43 times forward earnings, above historical norms. Analysts advise caution, suggesting investors wait for a potential price pullback around $130 before buying to avoid chasing the rally.
UK GDP grew 0.8% over three months, surpassing forecasts and showing resilience despite geopolitical tensions and energy price pressures. The FTSE 100 opened lower as investors digested takeover deals including Rotork's £4.1bn acquisition by ABB and ...
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,...
