|Day's range||14.30 - 20.40|
Investors will have eyes on Friday's jobs report and what's next in the artificial intelligence led rally in stocks.
The Yahoo Finance Live team checks out chip stocks, including Marvell Technology and Nvidia stock movements amid both companies reporting strong earnings driven by AI.
Following in the footsteps of Nvidia (NASDAQ: NVDA), which soared yesterday, Marvell Technology (NASDAQ: MRVL) is off to the races Friday afternoon -- up 28.6% through 1:05 p.m. ET. Actually, that's an even better performance than the 24.4% gain that Nvidia shareholders enjoyed yesterday! In fact, Marvell earned $0.31 per share, and sales were $1.32 billion.
(Bloomberg) -- With the artificial-intelligence hype sweeping across Wall Street, a massive inflow turned a popular ETF tracking chipmakers into the largest of its category.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealKey Takeaways From Biden-McCarthy Deal to Avert US DefaultManchin Gets Mountain Valley Pipeline Deal Into Debt BillWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $
This may feel like irrational exuberance, but Texas Instruments, Taiwan Semiconductor, and Qualcomm each have roles to play in AI.
(Bloomberg) -- Marvell Technology Inc. surged as much as 28% — the biggest intraday increase since October 2001 — after the chipmaker said it expects revenue from artificial intelligence to soar this year.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealKey Takeaways From Biden-McCarthy Deal to Avert US DefaultManchin Gets Mountain Valley Pipeline Deal Into Debt BillWorld’s Most Valuable Chipmaker Nvidia
Yahoo Finance Live discusses a rise in shares of Marvell Technology as the company cites AI as a 'key growth driver'.
Marvell's (MRVL) fiscal first-quarter performance reflects solid demand for its chip in the enterprise networking, carrier infrastructure and automotive end markets.
According to the average brokerage recommendation (ABR), one should invest in Marvell (MRVL). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
After a big jump on Thursday, the Nasdaq Composite (NASDAQINDEX: ^IXIC) appeared likely to rise again Friday morning, with index futures rising nearly half a percent in premarket trading. Indeed, a pair of Nasdaq-listed artificial intelligence (AI) stocks played an instrumental role in keeping the rally going. Both Marvell Technology (NASDAQ: MRVL) and Workday (NASDAQ: WDAY) posted solid gains after releasing their latest financial results, and both companies mentioned artificial intelligence as a key driver in their future prospects.
The latest investor updates on stocks that are trending on Friday.
Joining me today are Matt Murphy, Marvell's president and CEO; and Willem Meintjes, our CFO. Rather than dual-socket servers as the core element in the rack, the primary building block in AI is a system containing multiple accelerators, such as GPUs.
We'll likely continue to plod along in-range as the remainder of earnings season plays out.
Although the revenue and EPS for Marvell (MRVL) give a sense of how its business performed in the quarter ended April 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Marvell (MRVL) delivered earnings and revenue surprises of 6.90% and 1.60%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?
Marvell's (MRVL) Q1 performance is likely to have been negatively impacted by softness in its product demand as OEMs are rescheduling orders to manage excess chip inventories.
In the latest trading session, Marvell Technology (MRVL) closed at $45.46, marking a +1.61% move from the previous day.
Marvell Technology (MRVL) closed at $41.03 in the latest trading session, marking a +0.15% move from the prior day.
These top dividend stocks are attractive at these levels and lower, and they add excellent diversity to a long-term investing portfolio.
In the latest trading session, Marvell Technology (MRVL) closed at $38.63, marking a +1.44% move from the previous day.
In the latest trading session, Marvell Technology (MRVL) closed at $39.02, marking a -1.14% move from the previous day.
Marvell (MRVL) demonstrates industry-first and high-speed silicon technologies, produced on Taiwan Semiconductor's 3-nanometer process, for acceleration of data infrastructure performance.
When you see that almost half of the companies in the Semiconductor industry in the United States have price-to-sales...
In the latest trading session, Marvell Technology (MRVL) closed at $40.29, marking a -0.25% move from the previous day.
Shares of Marvell Technology (NASDAQ: MRVL) have been clobbered in the market over the past year, losing 45% of their value, and the company's earnings report for its fiscal 2023 fourth quarter (ended Jan. 28, 2023) didn't do much to lift investor sentiment when it was released on March 2. The chipmaker, which supplies networking, storage, and computer chips to multiple industries such as data centers, automotive, carrier infrastructure, and enterprise networking, failed to top its better-than-expected quarterly results with healthy guidance.