Marvell Technology: AI Cycle Drives Continued Growth Acceleration!

Marvell Technology (MRVL) is positioned with custom AI accelerators as an alternative to NVIDIA hardware, switches, and interconnect technologies for fast and reliable data connections in the midst of a "strong, multi-year AI-driven growth cycle.” CEO Matt Murphy spoke of "strong demand and exceptional order intake across our entire data center portfolio.” On May 27, management announced a new record quarter with a revenue increase of 28% to nearly $2.42 billion (consensus: $2.41 billion). In particular, the data center business was able to...