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0 -6.04010630586549E-05 0.000120802126117481 -0.000936216477410009 -0.00151002657646775 0.000996617540468664 -0.00646291374728191 -0.00640251268422326
Stock impact report

Marvell Tech shares rally on forecast for multi-year AI-chip growth [Yahoo! Finance]

Broadcom Inc. (AVGO) 
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
Company Research Source: Yahoo! Finance
its ?AI-focused custom chips and interconnect technologies following an upbeat long-term forecast. AI-chip ?spending has accelerated industry-wide. Broadcom, a key supplier of custom accelerators and networking silicon, this week ?projected more than $100 billion in AI chip sales next year, underscoring demand widening beyond Nvidia and deepening hyperscaler build-outs. Marvell on Thursday said it expects fiscal 2028 revenue to grow nearly 40% to $15 billion, above analysts' average estimate of $12.92 billion, according to ?LSEG data. It also raised ?its fiscal 2027 outlook to more than 30% year-over-year growth, nearing $11 billion. "Emphatic long-term guidance is credible and worth buying in (the stock)," ?said Morningstar analyst William Kerwin. Capital spending on AI infrastructure by Alphabet, Meta, Microsoft and Amazon is expected to exceed $630 billion this year, boosting demand for Marvell's custom ASICs ?and ?high-speed interconnect technologies that shuttle data betw Show less Read more
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