Marvell Technology, a designer of custom silicon and networking chips for hyperscale data centers, has seen its stock rise 130% year-to-date, driven by strong AI-related demand. CEO Matt Murphy highlights that AI now dominates their data center revenue with over 50 active design opportunities. The company reported Q4 FY2026 revenue of $2.22 billion, up 22% year-over-year, mainly from data centers. Analysts see a credible stretch target of $300 per share by 2026, with a more optimistic $400 target requiring perfect execution and multiple expansion. Key growth drivers include custom XPU ramps, partnerships like NVIDIA’s NVLink Fusion, and ongoing capital returns through buybacks. Risks include customer concentration and insider selling, but the AI-driven data center growth outlook remains robust.
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,...
