Marvell Technologies: Major Trends in Cloud Computing and AI Drive Results Significantly!
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Business drivers: Marvell Technologies (MRVL) has specialized mainly in custom silicon and optoelectronic products for AI applications, which include ASICs, mixed-signal chips, and network controllers in its portfolio. Currently, Marvell Technologies has promising prospects, especially thanks to billion-dollar investments in the expansion of cloud and data center capacities. With the sale of its automotive segment for $2.5 billion, the company aims to focus fully on the higher-margin segment of AI and data center chips. Recently, after better-than-expected...
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