When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
MRVL - Marvell Technology: AI Optics Custom Silicon & Beyond; Initiate With 'Buy'
Marvell Technology Inc.
2024-06-09 13:15:31 ET
Summary
Marvell Technology is a key supplier of data center infrastructure semiconductor solutions, with data center business representing over 70% of total revenues.
Marvell anticipates over $1.5 billion in AI revenues from optics and custom ASIC by FY25.
The company is well positioned to grow its data center switching portfolio and has a strong growth potential in the data center business.