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Explore Marvell's (MRVL) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.
Unlike its big brother, Broadcom NASDAQ: AVGO, custom chip maker Marvell Technology NASDAQ: MRVL has yet to participate much in the recent recovery among semiconductor stocks. This became even more true after the company's latest earnings, which failed to inspire investors.
Marvell Technology, Inc.'s fundamentals are improving, with strong earnings and segment recovery, but market sentiment remains cautious due to custom silicon uncertainty. The loss of exclusivity on Amazon's Trainium 3 is a yellow flag, but management expects revenue continuity and growth from next-gen programs. Valuation now reflects a limited downside, with negative sentiment creating room for upside surprises if new design wins materialize at the June event.
Investors still have questions about the computer-chip company's next-generation custom chips for Amazon and Microsoft.
Marvell Technology, Inc. MRVL posted better-than-expected earnings for the first quarter on Thursday.
Marvell Technology delivered strong FQ1 results, driven by 76% YoY data center revenue growth, but near-term growth may have peaked. Revenue concentration in Amazon and the delayed Microsoft ramp create execution risks, especially as AI CapEx plans face uncertainty. Valuation has normalized, offering an attractive risk/reward for long-term investors despite the potential for sideways price action.
Marvell Technology Inc (NASDAQ: MRVL) came in marginally above Street estimates for its fiscal Q1 on “strong AI demand in the data-center end market.” Additionally, the semiconductor giant guided for “continued strong growth” in its current quarter as well on Friday.
The company's earnings didn't dispel concerns it might lose out on designing Amazon's Trainium AI chips. Still, analysts are upbeat.
Jenny Horne believes Marvell (MRVL) overall had a "pretty good report" that didn't completely wash away investor hesitation. She says the company's custom silicon business and offloading of its auto business are positives, though Jenny sees future expenses being an issue for investors.
Jim Cramer breaks down why he's keeping an eye on shares of Marvell.