Marvell Stock Gains as Custom AI Chips Boost Performance [Yahoo! Finance]
Marvell Technology, Inc. (MRVL)
Last marvell technology, inc. earnings: 3/4 04:05 pm
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marvell.com/company/investor_relations
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Source: Yahoo! Finance
Marvell Technology shares rose Monday after the company said its accelerator chips are now better able to increase the performance of artificial intelligence (AI) servers. Marvell said its co-packaged optics technology increases chip density from tens of chips to hundreds. The announcement comes after Marvell posted a current-quarter forecast that significantly exceeded Wall Street expectations. Marvell Technology ( MRVL ) shares climbed Monday after the company said its artificial intelligence (AI) accelerator chips (XPUs) are now better able to increase the performance of AI servers. The company said its co-packaged optics technology boosts server performance by increasing XPU density from tens of chips within one server rack to hundreds across multiple racks. The integrated technology is now available for Marvell's clients, namely cloud hyperscalers , to develop custom XPU designs. Outlook for Current Quarter Topped Predictions The news comes after Marvell posted a cur
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MRVL
News
- Why AI Chip Stocks Broadcom, Marvell, and Arm Holdings Rallied Again Today [Yahoo! Finance]Yahoo! Finance
- Marvell Technology, Inc. (NASDAQ: MRVL) had its price target raised by analysts at Craig Hallum from $132.00 to $149.00. They now have a "buy" rating on the stock.MarketBeat
- Marvell Technology, Inc. (NASDAQ: MRVL) had its price target raised by analysts at Stifel Nicolaus from $125.00 to $130.00. They now have a "buy" rating on the stock.MarketBeat
- Marvell Announces Breakthrough Co-Packaged Optics Architecture for Custom AI Accelerators [Yahoo! Finance]Yahoo! Finance
- Marvell Announces Breakthrough Co-Packaged Optics Architecture for Custom AI AcceleratorsPR Newswire
MRVL
Earnings
- 12/3/24 - Beat
MRVL
Sec Filings
- 1/6/25 - Form 4
- 1/6/25 - Form 144
- 1/2/25 - Form 144
- MRVL's page on the SEC website