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Marvell Technology's Q4'24 earnings report showed growth in the data center segment but declines in enterprise networking, carrier infrastructure, consumer, and automotive/industrials.
The company expects continued strength in the data center segment and the opportunity to gain market share at the hyperscaler level with the introduction of their 3nm chips in eFY26.
Marvell's enterprise networking segment may face challenges from competitors like Broadcom as the firm offers a more integrated product with the recent VMware acquisition.