Profile
Sector:
TechnologyIndustry:
SemiconductorsCountry:
United StatesIPO:
30 June 2000Website:
http://www.marvell.comNext earnings report:
03 December 2024Last dividends:
11 October 2024Next dividends:
N/APrice
after hours | Sat, 16 Nov 2024 00:59:19 GMTAnalysts recommendations
Institutional Ownership
MRVL Latest News
In the most recent trading session, Marvell Technology (MRVL) closed at $90.70, indicating a +0.7% shift from the previous trading day.
MRVL's 30% surge reflects its AI strength and data center growth, but export risks and valuation suggest holding the stock for now.
Recently, Zacks.com users have been paying close attention to Marvell (MRVL). This makes it worthwhile to examine what the stock has in store.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
In the latest trading session, Marvell Technology (MRVL) closed at $93.80, marking a -0.15% move from the previous day.
Marvell's stock has risen 18% since my last recommendation in July, driven by growth in the AI infrastructure market. The company aims to capture 20% of the $40 billion custom AI chip market, with significant growth expected in 2025. A recovery in its non-AI segments should help boost revenue growth.
Marvell Technology's strong Q2 results and ambitious AI revenue targets signal significant growth potential, driven by robust demand in the data center infrastructure market. MRVL has secured key hyperscaler customers and expects to achieve $1.5 billion in AI revenue, with a strong ramp in custom AI chip business. Management's confidence and customer demand, particularly from Amazon, indicate Marvell's AI revenue targets are conservative, suggesting potential for upward revisions.
Marvell Technology (MRVL) closed at $84.38 in the latest trading session, marking a -0.46% move from the prior day.
In the most recent trading session, Marvell Technology (MRVL) closed at $81.93, indicating a +0.12% shift from the previous trading day.
Marvell Technology (NASDAQ: MRVL) stock is currently witnessing a surge in insider trading activity, marked by both buying and selling from the company's top executives.
What type of business is Marvell Technology?
Marvell Technology, Inc., together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; and custom application specific integrated circuits. The company also provides electro-optical products, including pulse amplitude modulations, coherent digital signal processors, laser drivers, trans-impedance amplifiers, silicon photonics, and data center interconnect solutions; fibre channel products comprising host bus adapters and controllers; storage controllers for hard disk drives and solid-state-drives; and host system interfaces, including serial attached SCSI, serial advanced technology attachment, peripheral component interconnect express, non-volatile memory express (NVMe), and NVMe over fabrics. It has operations in the United States, Argentina, China, India, Israel, Japan, Singapore, South Korea, Taiwan, and Vietnam. Marvell Technology, Inc. was incorporated in 1995 and is headquartered in Wilmington, Delaware.
What sector is Marvell Technology in?
Marvell Technology is in the Technology sector
What industry is Marvell Technology in?
Marvell Technology is in the Semiconductors industry
What country is Marvell Technology from?
Marvell Technology is headquartered in United States
When did Marvell Technology go public?
Marvell Technology initial public offering (IPO) was on 30 June 2000
What is Marvell Technology website?
https://www.marvell.com
Is Marvell Technology in the S&P 500?
No, Marvell Technology is not included in the S&P 500 index
Is Marvell Technology in the NASDAQ 100?
Yes, Marvell Technology is included in the NASDAQ 100 index
Is Marvell Technology in the Dow Jones?
No, Marvell Technology is not included in the Dow Jones index
When was Marvell Technology the previous earnings report?
No data
When does Marvell Technology earnings report?
The next expected earnings date for Marvell Technology is 03 December 2024