Marvell

Nvidia invests $2B in chipmaker Marvell and says the two companies plan to work on silicon photonics tech, enabling high-speed data transmission; MRVL jumps 9%+

Nvidia invests $2B in chipmaker Marvell and says the two companies plan to work on silicon photonics tech, enabling high-speed data transmission; MRVL jumps 9%+

Nvidia Corp. said it has invested $2 billion in Marvell Technology Inc. and that the two chipmakers plan to collaborate on silicon photonics technology.

Marvell stock closed up 18.35% on Friday after the company reported Q4 revenue up 22% YoY to $2.2B and issued strong guidance citing growing AI demand

Marvell stock jumps 20%+ after the chip company reported Q4 revenue up 22% YoY to $2.2B and issued strong guidance citing growing AI demand

Marvell shares ripped 20% higher on Friday as the company posted an earnings beat and issued strong guidance, expecting robust artificial intelligence demand to continue.

Marvell reports Q2 revenue up 58% YoY to $2.01B, in line with estimates, and forecasts Q3 revenue at $2.06B, below $2.11B est.; MRVL drops 15%+

Mike Wheatley / SiliconANGLE :

Marvell reports Q1 revenue up 63% YoY to $1.9B, vs. $1.88B est., data center revenue up 76% YoY to $1.44B, and forecasts Q2 revenue above est. on AI chip demand

Priyanka G / Reuters :

Marvell reports Q4 revenue up 27% YoY to $1.82B, vs. $1.8B est., and forecasts Q1 revenue of ~$1.88B, below the highest $2B est.; MRVL drops 13%+

Ian King / Bloomberg :

Marvell reports Q3 revenue up 7% YoY to $1.52B, above $1.45B est., $373M in net income u, and expects ~$1.8B in Q4 revenue, above $1.64B est.; MRVL jumps 20%+

Nick Turner / Bloomberg :

Nvidia stock fell 9.5% on Tuesday, losing $279B in market value, the biggest single-day drop for a US company, as investors soften their optimism about AI

more pain may be in store Financial Express : Nvidia takes major hit: Loses $279 billion in market value as shares drop 9.5 per cent The Economic Times : Nvidia sheds $279 billion in market cap: reaso...

Silicon Box, created by Marvell's co-founders and CEO BJ Han, opens a Singapore-based chip foundry for chiplets, planning to spend $2B and creating 1,000+ jobs

Fanny Potkin / Reuters :