Marvell Technology Increases Data Center Revenues by 38% - Celestial AI Expected to Contribute to Growth Acceleration in 2028!

Marvell is represented in every AI rack with interconnect switches, XPUs, XPU connections, storage solutions, scale-up, and scale-out. Massive investments in AI infrastructure are driving a robust Q3. The acquisition of Celestial AI marks a milestone by opening a new market opportunity worth over $10 billion by 2030 with optical interconnect technologies. The data center business is expected to grow by over 25% in fiscal year 2027 and accelerate growth to 40% in 2028. The stock rises over 10% in after-hours trading and could trend back towards...