Marvell Technology reported a record revenue of $8.195 billion, marking a 42% increase year-over-year, driven by strong demand in AI infrastructure. The company projects its revenue to approach $11 billion, with data center revenue expected to grow around 40% annually. Marvell's design wins and bookings hit all-time highs, with Q1 2027 revenue guidance at $2.4 billion, indicating strong future growth visibility. This positions Marvell as a key player in the expanding AI-driven data center market, supporting a Buy rating from the analyst.
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,...
