MRVL Stock Recent News

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Marvell's data center revenue grew rapidly in FY2024, with the segment now accounting for more than half of its total revenue, up from just a third one year ago. The growth in the data center segment was driven by the cloud portion of the data center end markets, particularly AI. Marvell expects continued growth in the data center segment, as well as potential growth from its cloud optimized silicon platform.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Shares of Marvell Technology (MRVL) slipped 7% Friday, a day after the maker of integrated circuits posted a weaker-than-expected first-quarter outlook as soaring demand for artificial intelligence (AI) chips didn't offset declines in the rest of its businesses.

Marvell Technology, Inc. (NASDAQ:MRVL ) Q4 2024 Results Conference Call March 7, 2024 4:30 PM ET Company Participants Ashish Saran - Senior Vice President, Investor Relations Matt Murphy - President, CEO & Chairman Willem Meintjes - Chief Financial Officer Conference Call Participants Ross Seymore - Deutsche Bank Matt Ramsey - TD Cowen Christopher Rolland - Susquehanna Quinn Bolton - Needham & Company Harsh Kumar - Piper Sandler Vivek Arya - Bank of America Gary Mobley - Wells Fargo Harlan Sur - JPMorgan Tore Svanberg - Stifel Srini Pajjuri - Raymond James Operator Good afternoon, and welcome to the Marvell Technology Incorporated Fourth Quarter and Fiscal Year 2024 Earnings Conference Call. All participants will be in a listen-only mode.

While the top- and bottom-line numbers for Marvell (MRVL) give a sense of how the business performed in the quarter ended January 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Mizuho analyst Jordan Klein is cautious about the persistent gains of chip stocks. He sees year-end prices higher than now, but warns profit-taking in the near term could weigh on stocks.

Investors interested in stocks from the Technology Services sector have probably already heard of Parsons (PSN) and Marvell Technology (MRVL). But which of these two companies is the best option for those looking for undervalued stocks?

Marvell (MRVL) unveils Perseus and Spica Gen2 Optical Digital Signal Processors designed to address the widespread adoption of artificial intelligence, cloud and accelerated computing.

Semiconductor stocks have struggled over the past few months and present an opportunity for traders as the Q3 earnings season approaches. Many of these stocks have been beaten down hard and are oversold, presenting an above-average opportunity for a rebound.