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0.00107182108297762 0.00122299471950487 -0.000137568009239788 0.000618300173396063 -0.00648686074338132 -0.0040680825589463 -0.00376422354952668 -0.00331221437631045
Stock impact report

Marvell shares rocket 32% on earnings beat and 'tremendous' business potential for A.I. [MSNBC.com]

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: MSNBC.com
Shares ofMarvell TechnologyOn Thursday, the chipmaker posted 31 cents in adjusted earnings per share for the first quarter, more than the Refinitiv consensus estimate of 29 cents per share. Revenue came in at $1.32 billion for the period, more than the $1.3 billion analyst consensus.related investing newsA.I. excitement leads to a winning week for Nvidia and other tech stocksMichelle Fox2 hours agoThese are the next stocks to get an A.I. boost like Nvidia, according to Wall StreetSamantha Subina day agoAnalysts scramble to raise price targets on Nvidia after super earnings. JPMorgan goes to $500Hakyung KimMarvell shares are now trading at levels not seen since April 2022.On an analyst conference call, Marvell CEO Matthew Murphy said the company had begun to reassess how it looked at the "tremendous" business potential of AI."In the past, we considered AI to be one of many applications within cloud, but its importance and therefore the opportunity has increased dramatically," Murphy sa Show less Read more
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