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home / news releases / CA - Marvell: Does Its AI Chip Exposure Make It A Buy?

CA - Marvell: Does Its AI Chip Exposure Make It A Buy?

CA Inc.

2024-06-06 13:00:47 ET

Summary

  • Marvell Technology, Inc. reported so-so earnings with a 12% decline in revenues compared to the previous year.
  • The company expects a sequential improvement in the next quarter, but analysts forecast a 1% decline in revenue for the current year.
  • Marvell has potential in the custom AI chip market, with the opportunity to control up to 15% of the market, according to JPMorgan.

Article Thesis

For further details see:

Marvell: Does Its AI Chip Exposure Make It A Buy?
Stock Information
Company Name: CA Inc.
Stock Symbol: CA
Market: NASDAQ
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