Stock of the Day: Broadcom soars 10% as earnings forecast offers hope for the sagging AI trade [Yahoo! Finance]

Marvell Technology, Inc. (MRVL)
Last marvell technology, inc. earnings: 3/4 04:05 pm
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Source: Yahoo! Finance
The results are a badly needed glimmer of hope for the downtrodden AI trade. The move: Broadcom stock jumped 10% to $198 per share on Friday morning. The rise claws back some of the year's losses for the stock, which was down about 22% year-to-date through Thursday's close. The chart: Why: The chipmaker is rising after it beat earnings estimates and gave an upbeat outlook Broadcom expects revenue of about $14.9 billion, outpacing consensus estimates of $14.76 billion. The firm reported first-quarter revenue that also beat projections. At $14.92 billion, sales were 25% from a year ago. Earnings per share jumped to $1.14 from $0.28 in the same timeframe. Importantly for investors looking for signs the AI trade is still alive, revenue in
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MRVL
News
- Marvell Technology, Inc. (MRVL) Stock [Seeking Alpha]Seeking Alpha
- Marvell Technology (NasdaqGS:MRVL) Reports US$200 Million Income Despite 26% Stock Slide [Yahoo! Finance]Yahoo! Finance
- Marvell Technology, Inc. (MRVL): Evercore ISI Maintains ‘Buy' Despite Sales Concerns [Yahoo! Finance]Yahoo! Finance
- 4 Top Semiconductor Stocks to Buy Amid Rising AI Adoption [Yahoo! Finance]Yahoo! Finance
- Stock Market News for Mar 11, 2025 [Yahoo! Finance]Yahoo! Finance
MRVL
Earnings
- 3/5/25 - Beat
MRVL
Sec Filings
- 3/12/25 - Form 8-K
- 3/12/25 - Form 424B7
- 3/12/25 - Form S-3ASR
- MRVL's page on the SEC website