Why AI Chip Stocks Advanced Micro Devices, Arm Holdings, and Marvell Technologies Rallied This Week [Yahoo! Finance]
Marvell Technology, Inc. (MRVL)
Last marvell technology, inc. earnings: 3/4 04:05 pm
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Source: Yahoo! Finance
Shares of AI-related semiconductor stocks Advanced Micro Devices (NASDAQ: AMD) Arm Holdings (NASDAQ: ARM) , and Marvell Technology (NASDAQ: MRVL) rallied this week, up 12.2%, 18.7%, and 12.2%, respectively, as of the end of Thursday trading, according to data from S&P Global Market Intelligence AI-related stocks had taken it on the chin over the summer and the first part of September, as fears over recession and doubts about the longevity of AI-related investments took hold. But this week, some in-line inflation readings and positive commentary from both tech executives and analysts alike spurred investors to buy the chip dip. Cooling inflation and red-hot AI spend send chip stocks higher AMD released its AI graphics processing unit (GPU) called the MI300 last year; it's taken off as a genuine alternative to industry leader Nvidia (NASDAQ: NVDA) . Marvell is one of two chip names that makes custom ASICs that go into the AI accelerators designed by the cloud giants. And Arm's
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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