Marvell Technology's stock surged about 90% in one quarter, driven by strong revenue growth in its data center business which exceeded $6 billion in fiscal year 2026, up 46% year-over-year. The company benefits from rising demand for custom silicon, especially from hyperscalers, with projections to double this segment's revenue by fiscal 2028. Overall revenue is expected to grow from $10.8 billion in fiscal 2027 to around $15 billion in fiscal 2028, supported by expanding profit margins. This growth is fueled by accelerating AI demand and strong data center trends, positioning Marvell for continued momentum.
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,...
