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0.000557293477001566 0.00115861429730053 0.00114239369713828 0.00104275286757043 0.00446066504460671 0.00208550573514085 0.00208550573514085 0.00208550573514085
Stock impact report

MRVL's Data Center Revenues Hit $1.5B: Can the Momentum Continue? [Yahoo! Finance]

Marvell Technology, Inc. (MRVL) 
Last marvell technology, inc. earnings: 3/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: marvell.com/company/investor_relations
Company Research Source: Yahoo! Finance
Revenues from the data center business reached $1.52 billion, up 38% from a year ago. This segment made up about 73% of total revenues, showing that data centers are now becoming the main growth engine for the company. The main growth driver for the data center business is rapidly rising artificial intelligence (AI) spending by large cloud customers. As these customers add more AI servers, they need faster and more reliable networking. This is helping demand for Marvell Technology's interconnect products, such as optical digital signal processors, drivers and Transimpedance Amplifiers. Management said revenues from optical interconnect products grew at a double-digit rate from the previous quarter, pointing to healthy demand. Marvell Technology is also seeing solid growth in its data center switching and storage business. Demand for 12.8T switches remains strong, and the company has started shipping newer 51.2T switches. As a result, Marvell Technology now expects data center swit Show less Read more
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