Marvell increased its fiscal year 2027 revenue guidance to about $11.5 billion, a 40% year-over-year growth, with further growth expected in FY28 to $16.5 billion. This optimistic outlook is supported by strong demand in AI infrastructure, particularly from custom silicon products like Trainium and Maia, and optical interconnect technologies. The company is positioned uniquely with dual growth engines in AI hardware, setting it apart from peers. Investors should watch for the Q2 FY27 results in late August as a key milestone, though volatility with 20-25% drawdowns is anticipated along the way.
Marvell Technology and Broadcom both posted impressive AI-driven earnings beats, yet their business models differ significantly. Marvell's revenue grew 27.6% YoY with a focus on custom silicon for hyperscalers, but it has lower gross margins around 5...
The ETF market is seeing a new trend with multiple firms launching 'MANGOS' ETFs that include AI and commercial space technology companies such as Meta, Anthropic, Nvidia, Google, OpenAI, and SpaceX. This marks a shift from the traditional 'Magnifice...
Marvel Biosciences announced that Dr. Jérôme Becker will present research on Adenosine A2A receptors as a therapeutic target for autism at the European Purine Meeting in France. The company's lead drug candidate, MB-204, an A2A receptor antagonist, h...
Micron Technology's stock fell nearly 5% in premarket trading after a strong earnings report that saw its revenue quadruple year-over-year to $41.46 billion. Despite this, investors are cautious due to rising costs associated with building AI infrast...
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 c...
