Marvell Technology Jumps as AI Bookings 'On Fire' Boost Q1 Forecast
Marvell Technology beats Q4 estimates slightly and issues upbeat Q1 outlook of $2.4B revenue, topping expectations. AI demand fuels surge as shares rise up to 10% after hours.
Marvell Technology beats Q4 estimates slightly and issues upbeat Q1 outlook of $2.4B revenue, topping expectations. AI demand fuels surge as shares rise up to 10% after hours.
Bernstein starts CoreWeave coverage with Underperform rating and $56 target, warning hyperscalers like AWS, Azure, and Google will compete aggressively in GPU cloud and erode CoreWeave’s edge.
StubHub posts $535M Q4 loss and misses forecasts as revenue falls to $449M. Shares drop after weak outlook despite AI strategy.
Short-seller Jim Chanos questions IREN Ltd.'s huge $6 billion stock sale plan, highlighting lack of info on current revenue goals amid big expansion.
Loop Capital starts coverage on Astera Labs with a Buy rating and $250 price target, calling it a leading diversified AI silicon pure play after Nvidia.
Broadcom posts record Q1 revenue of $19.3B, up 29% YoY. AI chip sales doubled to $8.4B. Q2 guidance set at $22B, with AI revenue targeting $100B by 2027. Big customers: OpenAI, Google & Anthropic.