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Stock impact report

With a 76% Post-Earnings Rally, MaxLinear May Have Just Become the Top AI Infrastructure Stock to Buy [Yahoo! Finance]

MaxLinear, Inc (MXL) 
Last maxlinear, inc earnings: 4/29 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investors.maxlinear.com
Company Research Source: Yahoo! Finance
This product helps connect GPU chips, which produce AI, to each other in data centers. With the cloud giants, also known as hyperscalers, launching many new, AI-oriented data centers, the demand for this offering is rising very quickly. Largely as a result of this trend, MaxLinear provided second-quarter revenue guidance of $160 million to $170 million, well above the $137.2 million of sales that it generated in Q1. Moreover, last quarter, the revenue obtained by its infrastructure business, which includes Keystone, soared 136% versus the same period a year earlier. These superb numbers produced a 76% rally by MXL stock in the wake of the news. More News from Barchart Amazon's Chip Business Is Bigger Than AMD, Could Soon Pass Broadcom, Intel Why the Real Story Behind the UAE's OPEC Exit is Petrodollar Diplomacy Micron Stock Keeps Soaring, as Investors Make Unusually Heavy MU Option Trades Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for e Show less Read more
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