Marvell Beats Earnings but Stock Falls on Margin Guidance
Marvell posted record $2.74B revenue and beat EPS, yet shares fell after hours as Q3 gross-margin guidance slipped on custom-chip mix.
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Google Gets $12.2 Billion Stake Option from Marvell to Build Next-Gen AI Chips
Marvell issues Google a $12.2 billion warrant for 59M shares in a multi-year partnership to develop custom AI chips for Google’s TPU ecosystem.
Anthropic’s AI Chip Ambitions Spark Semiconductor Sell-Off
Anthropic has started developing a custom AI chip and is in early talks with Samsung. The news sparked a sell-off in Nvidia, AMD, and semiconductor stocks amid growing custom silicon trend.
Marvell and Flex Soar on S&P 500 Inclusion
Marvell and Flex jump after joining S&P 500; inclusion boosts demand as investors bet on AI-driven chip growth.
Nvidia’s Jensen Huang Predicts Marvell Will Be the Next $1 Trillion Chip Giant
Marvell last week forecast that its custom chips business would surpass $10 billion in revenue by fiscal 2029, as cloud companies expand AI data centers.
Marvell Technology Rallies as It “Significantly Raises” Revenue Outlook for 2027 and 2028
Marvell Technology reported record Q1 revenue of $2.42B and significantly raised its fiscal 2027 and 2028 outlook on strong AI demand.