Marvell's Data Center Boom Drives Stock Rebound

Marvell Technologys stock has surged after a tough start, with a 33% jump over the last three months. The data center business, a key driver, has shown robust growth, leading to a positive outlook. Marvell, a semiconductor company specializing in AI and cloud computing, anticipates a strong market for AI data centers. With a 38% year-over-year increase in data center revenue and a promising outlook for fiscal years 2027 and 2028, Marvell is poised for exceptional growth driven by AI and next-gen connectivity.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.