Stock market today: Nasdaq leads US futures higher as Broadcom surges [Yahoo! Finance Canada]
Marvell Technology, Inc. (MRVL)
Last marvell technology, inc. earnings: 3/4 04:05 pm
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Source: Yahoo! Finance Canada
Tech stocks led US futures higher Friday morning, as Broadcom ( AVGO ) surged higher after the chipmaker predicted an AI driven sales surge . Futures tied to the S&P 500 ( ES=F ) were up 0.4%, while those on the tech-heavy Nasdaq ( NQ=F) rose 0.7%. Dow Jones Industrial Average futures ( YM=F ) were up a more modest 0.1%. Broadcom's bullish forecast helped brighten the mood. Shares were up over 17% in premarket trading after executives predicted an AI sales gain of around 65%, a much brisker pace than expected. Broadcom's peers rallied in tandem. Marvell Technology ( MRVL ) was up over 5%, while AMD ( AMD ) and chip titan Nvidia ( NVDA ) rose more modestly. S&P 500 (^GSPC) The moves position the Nasdaq for a strong weekly gain, as the index had notched a record close on Wednesday while finishing above the milestone level of 20,000 for the first time. While tech has led the way this week, the Dow has struggled, partly on the back of a continued plunge in UnitedHealth ( UNH )
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MRVL
News
- Marvell Technology, Inc. (NASDAQ: MRVL) had its price target raised by analysts at Morgan Stanley from $102.00 to $120.00. They now have an "equal weight" rating on the stock.MarketBeat
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MRVL
Earnings
- 12/3/24 - Beat
MRVL
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- MRVL's page on the SEC website