Marvell Technology Inc (NASDAQ:MRVL): AI-Driven Growth Fuels Analyst Optimism [Yahoo! Finance]
Marvell Technology, Inc. (MRVL)
Last marvell technology, inc. earnings: 3/4 04:05 pm
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Source: Yahoo! Finance
The reality is finally catching up to the AI hype as investors await to see ROI on huge spending on AI chips and infrastructure. Dan Niles, Niles Investment Management founder and portfolio manager, during an interview with CNBC last month, called the decline in Mag. 7 stocks after Q2 earnings representative of a “fundamental shift” in the industry. “I know it's popular to talk about AI because these stocks are driving the market, but at a certain point, you want to get a return on all of this money you are investing. And if your forward revenue estimate is going lower not higher but your CapEx is going up, at some point those two things are going to collide.” Niles said that major tech companies went through a “digestion” period after seeing huge returns during the COVID-19 pandemic days, and he expects the same to happen as we move into the next year. The analyst said that on an equal-weighted basis, the broader market is up when compared with Mag. 7 stocks. He recommended in
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MRVL
News
- Marvell Technology, Inc. (NASDAQ: MRVL) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Marvell Technology, Inc. (NASDAQ:MRVL): A Chip Stock Powering The AI Boom [Yahoo! Finance]Yahoo! Finance
- Marvell Technology, Inc. (NASDAQ: MRVL) was upgraded by analysts at TD Cowen to a "strong-buy" rating.MarketBeat
- Marvell Technology Group Ltd (MRVL): Among the Worst Performing AI Stocks of Previous Week [Yahoo! Finance]Yahoo! Finance
- Marvell Technology, Inc. Declares Quarterly Dividend PaymentPR Newswire
MRVL
Earnings
- 8/29/24 - Beat
MRVL
Sec Filings
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- MRVL's page on the SEC website