Marvell TechnologyNASDAQ: MRVL

Marvell notched a healthy rebound in 2023, but shares have stalled. AI chips haven't been enough to offset the downturn elsewhere in the business.

Marvell Technology (MRVL) launches the Alaska A 1.6T PAM4 DSP for active electrical cables focusing on high-speed networking for AI/ML workloads.

SANTA CLARA, Calif. , June 21, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on July 31, 2024 to shareholders of record as of July 12, 2024.

Calgary, Alberta--(Newsfile Corp. - June 21, 2024) - Marvel Biosciences Corp. (TSXV: MRVL) and its wholly owned subsidiary, Marvel Biotechnology Inc. (collectively the "Company" or "Marvel"), wishes to announce that, further to Marvel's May 16, 2024 press release announcing the Company's non-brokered private placement unit offering (the "Offering"), the TSX Venture Exchange ("TSXV" or the "Exchange") has conditionally accepted the Company's proposed Offering and has granted the Company a two-week extension to July 17, 2024 to file its final documentation with the Exchange in relation to the Offering. Contact Information Marvel Biosciences Corp. Roderick (Rod) Matheson, Chief Executive Officer orDr. Mark Williams, President and Chief Science OfficerTel: 403 770 2469 Email: [email protected] Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Marvell (MRVL) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Recently, Zacks.com users have been paying close attention to Marvell (MRVL). This makes it worthwhile to examine what the stock has in store.

Marvell Technology Inc. NASDAQ: MRVL is a leading semiconductor company in the computer and technology sector sector that designs and manufactures high-performance chips. They are a powerhouse when it comes to their largest market addressing data infrastructure solutions and data centers.

Marvell Technology's 1Q25 results show a clear path to growth recovery, with visible catalysts for acceleration in 2H25. The Data Center segment has shown four consecutive quarters of positive sequential growth, indicating an upcycle. MRVL's valuation is attractive, and the stock should easily trade back to previous levels as the recovery potential becomes more visible.

Recently, Zacks.com users have been paying close attention to Marvell (MRVL). This makes it worthwhile to examine what the stock has in store.