Shares of Marvell Technology surged over 27% following Nvidia CEO Jensen Huang's statement at Computex, calling Marvell "the next trillion-dollar company." This endorsement came shortly after Marvell reported record Q1 fiscal 2027 revenue of $2.42 billion, driven by strong AI-related demand and a 50% rise in data center revenue. The companies collaborate closely on advanced AI infrastructure, with Marvell providing critical silicon and optical technology that supports Nvidia's AI computing stack. Marvell also raised its full-year revenue forecast to nearly $11.5 billion, projecting about 40% annual growth, highlighting its growing role in AI and data center markets.
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,...
