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.
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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.
Qualcomm to Supply Millions of AI Chips to ByteDance as It Expands into Data Centers
Qualcomm will supply millions of AI ASICs to ByteDance (TikTok’s owner) to power its AI inference and Doubao chatbot.
Marvell Mania: Amazon Doubles Down and AMD Joins the Bet
Amazon and AMD increased stakes in Marvell, signaling strong belief in its AI chip tech powering cloud and data centers.
OpenAI Misses Sales and User Targets, Drags Partner Stocks Down
OpenAI missed growth targets, worrying investors as rivals rise and AI costs stay high, raising doubts about quick profits. Shares of SoftBank, Oracle, and AMD dropped sharply.