Marvell Technology has increased its revenue projections to $11.5 billion for fiscal year 2027 and about $16.5 billion for 2028, driven by strong growth in interconnect and custom silicon segments. The company now expects interconnect revenue growth to exceed 70%, fueled by advancements in 800G, 1.6T, and optical networking technologies. Custom silicon revenue is projected to surpass $10 billion by fiscal year 2029, supported by multiple XPU and CXL programs. Despite recent stock selloff, management remains optimistic about accelerating data center growth from 50% to 55%.
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,...
