Marvell perks up as Citi opens 30-day catalyst watch ahead of AI event [Seeking Alpha]
Marvell Technology, Inc. (MRVL)
Last marvell technology, inc. earnings: 3/4 04:05 pm
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US:NASDAQ Investor Relations:
marvell.com/company/investor_relations
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Source: Seeking Alpha
Shares rose nearly 5% in premarket trading. "Recent stock under performance post weaker than expected Apr-Q guide on non-core enterprise networking/carrier infrastructure end markets and optical concerns around use of copper-based connectivity solutions such as the NVLink Switch during GTC offers an 18% valuation discount to AI peers," analyst Atif Malik wrote in an investor note. "Moreover, our discussions at [Optical Fiber Communications Conference] this week point to stable optical [digital signal processor] $ content and no major signs of hyperscale [linear packaged optics/co-packaged optics] adoption." Malik has a Buy rating and $91 price target on Marvell shares. Led by Chief Executive Matthew Murphy, Marvell may also talk about the total addressable market for application-specific integrated circuits reaching $40B by 2027, as well as custom ASIC ramps, including Amazon's ( AMZN ) AWS Trainium 2 and Arm-based CPUs. And with Nvidia ( NVDA ), AMD ( AMD ) and Broadcom (
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MRVL
News
- Marvell Technology (MRVL) Outperforms Broader Market: What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Investors push Marvell Technology (NASDAQ:MRVL) 7.9% lower this week, company's increasing losses might be to blame [Yahoo! Finance]Yahoo! Finance
- GM Recognizes Marvell With 2023 Overdrive Award For Its Automotive Ethernet Technology [Yahoo! Finance]Yahoo! Finance
- GM Recognizes Marvell With 2023 Overdrive Award For Its Automotive Ethernet TechnologyPR Newswire
- AI Deployment Accelerates 800GbE Optical Growth According to Cignal AI [Yahoo! Finance]Yahoo! Finance
MRVL
Earnings
- 3/7/24 - Beat
MRVL
Sec Filings
- 4/22/24 - Form 4
- 4/19/24 - Form 144
- 4/17/24 - Form 4
- MRVL's page on the SEC website