Marvell Technology (NASDAQ:MRVL) just posted solid Q4 numbers$1.817 billion in revenue, up 27% year-over-year, and earnings per share of $0.60, slightly ahead of estimates. The company’s AI silicon programs have entered volume production, and its data center revenue surged 78% from last year. Management expects first-quarter revenue to jump over 60% year-over-year, signaling strong demand…
NEW YORK (Reuters) -Major U.S. stock indexes declined sharply on Thursday with investors concerned about the impact President Donald Trump’s trade policy may have on companies and the broader economy, while Marvell Technology’s revenue forecast sparked concerns about spending on artificial intelligence infrastructure. Below are investor comments about the selloff, which saw the S&P 500…
On today’s Market Minute, Yahoo Finance anchor Josh Lipton outlines the top stories on Wall Street. Marvell Technology (MRVL) shares plunge on the chipmaker’s weak outlook as investors weigh artificial intelligence (AI) demand sustainability. Alibaba (BABA) announces QwQ-32B, a new AI reasoning model, that the company says rivals DeepSeek’s AI model and outperforms OpenAI’s lower-cost…
In This Story After a hectic earnings week and ongoing tariff war, March kicks off with a select group of earnings reports, with a strong focus on the AI and retail sectors. Nvidia’s record earnings reveal just 3 customers make up 30% of revenue Here’s a look at what investors should watch in the days…
Recent developments in the AI chip market highlight significant advancements as companies rapidly push technological boundaries. AMD reported record annual revenue for 2024, largely driven by increased adoption of its EPYC processors and Instinct accelerators, with substantial growth seen in the Data Center segment. AMD continues to bolster its AI capabilities through strategic partnerships with…
Shares of chipmaker Broadcom (AVGO) soared over 17% premarket Friday after the company touted its “massive” AI opportunity in its earnings report the prior evening. Broadcom reported earnings Thursday after the bell. Its quarterly earnings per share of $1.15 were slightly above the $1.12 forecast, and its revenue of $14.1 billion was in line with…
Shares of Advanced Micro Devices (AMD, Financial) dipped 4% on Monday after Bank of America downgraded Advanced Micro Devices from Buy to Neutral, citing headwinds in the PC sector into 2025 and challenges in the AI accelerator market. In addition, AMD’s price target was cut to $155 from $180, and the firm’s 2025 and 2026…
NEW YORK (AP) — U.S. stock indexes rose to more records Wednesday after tech companies talked up how much of a boost they’re getting from the artificial-intelligence boom. The S&P 500 climbed 0.6% to add to what’s set to be one of its best years of the millennium. It’s the 56th time the index has…
U.S. stocks rose on Wednesday after tech companies reported better-than-expected revenue boosted by using artificial intelligence (AI). Stock Indexes Climb The three major stock indexes, which measure how stocks perform, were up early Wednesday. The S&P 500 climbed 0.4 percent in morning trading while the Dow Jones Industrial Average went up 181 points (0.4 percent)…
(Bloomberg) — Marvell Technology Inc. jumped in late trading after the chipmaker delivered better-than-expected results and an upbeat earnings forecast, citing demand for artificial intelligence computing. Most Read from Bloomberg Third-quarter profit was 43 cents a share, excluding some items, the company said in a statement Tuesday. That beat the 41-cent average estimate of analysts….