Marvell Technology's stock surged nearly 97% year-to-date in 2026, driven by strong demand for its AI data center chips and record fiscal 2026 revenue of $8.195 billion, up 42% year-over-year. Several U.S. Congress members, including those on financial and AI-related committees, purchased shares during this rally, reflecting confidence in Marvell's expanding role in AI infrastructure. The company is also in talks with Google to develop custom AI chips, further boosting investor interest. Marvell's upcoming Q1 fiscal 2027 earnings report on May 27 will be closely watched for updates on AI growth and guidance.
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,...
