Khaveen Investments upgraded Marvell Technology to a Strong Buy rating due to robust growth in its Data Center segment, which accounts for 74% of total sales and grew 46% year-over-year. Key drivers include interconnects and custom AI accelerators, expected to sustain a 34% growth rate over the next five years, supported by partnerships with hyperscalers and a broad connectivity portfolio. The company is also expected to improve margins through operating leverage, cost discipline, and ongoing innovation, mitigating risks from emerging technologies. This positive outlook highlights Marvell's strong position in disruptive tech sectors like AI and cloud computing.
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,...
