Core Viewpoint - Marvell Technology announced the acquisition of semiconductor startup Celestial AI for $3.25 billion, expressing optimism for the next fiscal year's performance [1][10]. Financial Performance - Following the quarterly earnings report, Marvell's stock rose nearly 10% in pre-market trading [2][11]. - The company expects total revenue of approximately $10 billion for the next fiscal year, with a 25% growth in data center business revenue [2][11]. - Marvell's revenue for the third quarter reached $2.07 billion, a year-over-year increase of 36.8%, aligning with analyst expectations [8][17]. Acquisition Details - The acquisition will provide Marvell with photonics technology, which uses light instead of electrical signals to connect AI chips and storage chips [3][12]. - The deal includes $1 billion in cash and 27.2 million shares of Marvell common stock, valued at $2.25 billion [4][13]. - Celestial AI is expected to contribute significant revenue starting in the second half of fiscal year 2028, with projected annualized revenue of $500 million in Q4 2028 and $1 billion in Q4 2029 [4][13]. Market Position and Strategy - Marvell is positioned to become a leader in the photonics field, with large cloud companies expected to deploy photonics technology for large-scale applications by 2027 or 2028 [4][13]. - The company is collaborating with Amazon and Microsoft to develop proprietary AI chips [3][12]. Related Agreements - Marvell issued a stock warrant to Amazon, allowing the company to purchase up to $90 million worth of Marvell stock based on its procurement of photonic fabric products by the end of 2030 [6][15]. - The exercise price for the stock warrant is approximately $87 per share [7][16]. Future Outlook - The acquisition is expected to close in the first quarter of the 2026 calendar year [5][14].

格隆汇12月3日｜Needham将迈威尔科技目标价从95美元上调至120美元。此前，该公司宣布将以32.5亿 美元收购芯片初创公司Celestial AI。 ...

Marvell Technology shares climbed 9% premarket on Wednesday after its $3.25 billion deal to acquire semiconductor startup Celestial AI deepened investor confidence in the chipmaker's push into next-gen AI infrastructure. ...

Market Overview - U.S. stock futures rose on Wednesday following modest advances on Tuesday, with major benchmark indices showing higher futures [1] - The 10-year Treasury bond yielded 4.08%, while the two-year bond was at 3.49%, with an 87% likelihood of the Federal Reserve cutting interest rates in December [2] - Key index performances included Dow Jones up 0.21%, S&P 500 up 0.16%, Nasdaq 100 up 0.10%, and Russell 2000 up 0.37% [2] Company Performance - Marvell Technology Inc. (NASDAQ:MRVL) surged 9.83% after reporting better-than-expected third-quarter results and announcing the acquisition of Celestial AI [6] - CrowdStrike Holdings Inc. (NASDAQ:CRWD) fell 2.36% despite exceeding financial expectations for the third quarter and raising full-year guidance [6] - American Eagle Outfitters Inc. (NYSE:AEO) increased by 12.71% after reporting third-quarter revenue of $1.36 billion, surpassing analyst estimates of $1.32 billion, and adjusted earnings of 53 cents per share, beating estimates of 44 cents [6] Analyst Insights - BlackRock maintains a "pro-risk" investment stance, favoring U.S. equities as a softening labor market allows for potential Federal Reserve rate cuts [10] - The firm describes the current employment landscape as a "no hiring, no firing" situation, which could enable the Fed to pursue "risk management" cuts without reigniting inflation [10] - BlackRock believes the Fed has room to ease policy without raising concerns about inflation and debt sustainability, supporting a positive outlook for risk assets into 2026 [12]

Monte dei Paschi di Siena's board will meet on Friday to discuss an investigation by Milan prosecutors into the Italian bank's CEO Luigi Lovaglio and its top two shareholders, a person with knowledge ... ...

Market Overview - U.S. stock futures rose on Wednesday following modest advances on Tuesday, with major benchmark indices showing higher futures [1] - The 10-year Treasury bond yielded 4.08%, while the two-year bond was at 3.49%, with an 87% likelihood of the Federal Reserve cutting interest rates in December [2] - Key index performances included Dow Jones up 0.21%, S&P 500 up 0.16%, Nasdaq 100 up 0.10%, and Russell 2000 up 0.37% [2] Company Performance - **Marvell Technology Inc. (NASDAQ:MRVL)** saw a significant increase of 9.83% after reporting better-than-expected third-quarter results and announcing the acquisition of Celestial AI [6] - **CrowdStrike Holdings Inc. (NASDAQ:CRWD)** dropped 2.36% despite exceeding financial expectations for the third quarter and raising its full-year guidance [6] - **American Eagle Outfitters Inc. (NYSE:AEO)** climbed 12.71% after reporting third-quarter revenue of $1.36 billion, surpassing analyst estimates of $1.32 billion, and adjusted earnings of 53 cents per share, beating estimates of 44 cents [6] - **Salesforce Inc. (NYSE:CRM)** was up 0.55% as analysts expect quarterly earnings of $2.86 per share on revenue of $10.27 billion [5] Analyst Insights - BlackRock maintains a "pro-risk" investment stance, favoring U.S. equities due to a softening labor market that may allow for further Federal Reserve rate cuts [10] - The firm describes the current employment landscape as a "no hiring, no firing" stasis, which supports the Fed's ability to pursue "risk management" cuts without reigniting inflation [10] - BlackRock believes the Fed has room to ease policy without raising concerns about inflation and debt sustainability, supporting a positive outlook for risk assets heading into 2026 [12]

TD Cowen将迈威尔科技的目标价从85美元上调至100美元，维持"持有"评级。 本文源自：格隆汇 此外，迈威尔科技宣布，将以现金和股票交易的方式收购芯片初创公司Celestial AI，交易估值约为32.5 亿美元。分析指，迈威尔科技通过获取Celestial AI领先的光子互联技术，来强化其在AI数据中心连接领 域的竞争力，并与英伟达和博通竞争。 迈威尔科技(MRVL.US)盘前大涨近10%，报102美元。消息面上，迈威尔科技公布2026财年第三季度业 绩，营收为20.8亿美元，同比增长37%，略高于市场预期的20.7亿美元；调整后每股盈利为76美分，亦 高于市场预期的74美分。期内数据中心收入为15.2亿美元，同比增长38%，略高于市场预期的15.1亿美 元。公司预计第四财季收入为22亿美元，调整后每股盈利为79美分，均符合市场预期。 ...

NEW YORK (AP) — U.S. stocks rose near their record levels on Wednesday as mixed data on the economy kept alive hopes that a cut to interest rates is coming soon. The S&P 500 gained 0.3% and pulled within 0.6% of its all-time high set in late October. The Dow Jones Industrial Average climbed 408 points, or 0.9%, and the Nasdaq composite added 0.2%. The biggest jump in the S&P 500 came from Microchip Technology, which leaped 12.2% after saying it expects sales and profit for the final months of the year to ...

European stocks may open flat to slightly higher on Wednesday as investors await key U.S. economic data that could influence the Federal Reserve's rate decision next week. Payroll processor ADP is scheduled to release its report on private sector employment for November later in the day. Economists expect private sector employment to edge up by 10,000 jobs in November after rising by 42,000 jobs in October.Reports on service sector activity, personal income and spending and consumer sentiment may garner in ...

Core Viewpoint - Marvell Technology Inc. shares experienced a significant increase in late trading following the company's reassurances regarding the growth of its custom chip business and the announcement of a multibillion-dollar acquisition [1] Group 1: Company Performance - The semiconductor company highlighted strong momentum in its custom chip business, which contributed to investor confidence [1] - The announcement of a multibillion-dollar acquisition is expected to further enhance the company's market position and growth prospects [1] Group 2: Market Reaction - Following the positive news, Marvell Technology Inc. shares rallied sharply, indicating strong investor interest and confidence in the company's future [1]