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]

该公司股价在财报发布后一度下跌5%，但在公司高管于业绩电话会议上给出强劲的数据中心业务预测后，股价逆转走势，盘后交易中涨幅一度高达 14%。 迈威尔科技因下一财年数据中心业务增长指引（预计同比增超25%）远超预期，股价盘后飙升。这显示投资者当前更看重AI硬件的长期增长前景，而非 短期业绩，并认可其在定制芯片市场的竞争力。 推动股价上涨的关键是首席执行官Matt Murphy在电话会上透露，公司预计"下一财年数据中心收入的同比增长将超过25%"。这一指引超出了华尔街的 普遍预期，向市场传递了其在人工智能硬件领域核心业务增长动能的积极信号。 Murphy还补充称，这一乐观预测并未包含公司近期宣布的收购计划。该公司同日宣布，将以约32.5亿美元的现金和股票交易方式，收购人工智能初创 公司Celestial AI。 市场分歧与ASIC前景 在人工智能热潮的推动下，迈威尔科技的股价在2024年飙升了83%，但今年以来已下跌16%，反映出在激烈竞争中，市场对其赢得长期订单的能力仍 存在疑虑。 投资者的分歧核心在于定制ASIC芯片（专用集成电路）的前景。ASIC是为特定用途定制的芯片，例如谷歌的TPU，被视为英伟达GPU的 ...

Marvell 表示 Celestial AI 构建了颠覆性的光子 Fabric 技术平台，在掌握 Celestial AI 的技术后该企业将成为业内最全面的高带宽、低功耗、低延迟解决方案 供应商，为下一代数据中心互联提供支持。 这笔交易预计将于 2026 日历年第一季度完成，具体情况取决于惯例性完成条件和监管批准。Marvell 预计 Celestial AI 将于 2028 财年下半年开始创造显著收 入贡献，到 2028 财年第四季度将达到 5 亿美元的年化营收率，到 2029 财年第四季度年化营收将翻倍至 10 亿美元。 IT之家 12 月 3 日消息，Marvell 美满美国加州当地时间 2 日宣布已与高速光学 I/O 互联技术企业 Celestial AI 达成最终协议，计划以 10 亿美元现金 + 22.5 亿 美元 Marvell 普通股，总计 32.5 亿美元（IT之家注：现汇率约合 230.04 亿元人民币）的对价收购后者。 ...

Core Insights - Marvell has reached a final agreement to acquire Celestial AI for approximately $3.25 billion, which includes $1 billion in cash and $2.25 billion in Marvell common stock [1][2] - The acquisition is expected to enhance Marvell's position in the AI and cloud data center connectivity market, with significant revenue contributions anticipated from Celestial AI starting in the second half of fiscal year 2028 [1][2] - Celestial AI's technology focuses on photonic interconnects, which are expected to provide high bandwidth, low latency, and energy efficiency, making them suitable for large AI clusters [6][8] Acquisition Details - The deal includes an additional contingent payment of up to 27.2 million shares of Marvell common stock, valued at up to $2.25 billion, based on revenue milestones achieved by Celestial AI [1][2] - The transaction is expected to close in the first quarter of 2026, pending customary closing conditions and regulatory approvals [2] Financial Projections - Marvell anticipates that Celestial AI will generate a run rate of $500 million by Q4 of fiscal year 2028, doubling to $1 billion by Q4 of fiscal year 2029 if certain revenue milestones are met [1][2] Strategic Importance - The acquisition is seen as a strategic milestone for Marvell, reinforcing its technological leadership and expanding its potential market in scalable connectivity [2] - Marvell's CEO emphasized that the acquisition will accelerate the company's roadmap to provide a comprehensive connectivity platform for AI and cloud customers [2] Technology Overview - Celestial AI's photonic interconnect technology is designed to allow large AI clusters to scale easily, offering energy efficiency that is more than twice that of copper interconnects [6][8] - The technology is expected to support high-performance, low-power, and low-latency solutions, which are critical for next-generation data center architectures [5][6] Market Context - The demand for scalable, high-performance cloud platforms is driving the need for differentiated technology solutions, with photonic interconnects playing a crucial role in future AI infrastructure [3][5] - Marvell's custom chip business is projected to experience accelerated growth, with new customers including emerging hyperscale data center operators [3]

Marvell Technology, Inc. (NASDAQ:MRVL) reported earnings per share (EPS) of $0.76, surpassing the estimated $0.75, indicating efficient cost management and profitability.The company's reported revenue of approximately $2.07 billion exceeded expectations, showcasing strong demand for its products.Marvell's price-to-sales and enterprise value ratios reflect investor confidence in its future sales potential and strategic market positioning.Marvell Technology, Inc. (NASDAQ:MRVL) is a key player in the semicondu ...

Core Viewpoint - Marvell Technology's stock surged after the company provided a strong growth forecast for its data center business, overshadowing a lackluster overall earnings outlook, which renewed investor confidence in the custom chip manufacturer [1][3]. Financial Performance - Marvell reported a third-quarter adjusted EPS of $0.76 and revenue of $2.08 billion, slightly exceeding analyst expectations of $0.74 EPS and $2.07 billion revenue [4]. - The data center business, a key revenue driver, saw a 38% year-over-year revenue increase, reaching $1.52 billion, slightly above Wall Street's expectation of $1.51 billion [4]. Future Guidance - The company provided a cautious outlook for the fourth quarter, expecting an adjusted EPS of $0.79 (with a $0.05 margin) and revenue of $2.2 billion (with a 5% margin), aligning closely with analyst predictions [4]. - CEO Matt Murphy's forecast of over 25% year-over-year growth in data center revenue for the next fiscal year significantly boosted market sentiment [3][4]. Acquisition Plans - Marvell announced plans to acquire AI startup Celestial AI for approximately $3.25 billion in cash and stock, which was not included in the optimistic revenue forecast [5]. Market Dynamics - Despite an 83% stock price increase in 2024, Marvell's stock has declined by 16% year-to-date, reflecting investor concerns about the company's ability to secure long-term orders amid intense competition [6]. - The market's skepticism centers around the prospects of custom ASIC chips, which are tailored for specific applications and seen as potential alternatives to NVIDIA's GPUs [6]. Analyst Perspectives - UBS analyst Timothy Arcuri noted that most customers are diversifying their supply chains, using multiple GPU and ASIC suppliers, which could benefit companies like Marvell [7]. - Arcuri maintains a "Buy" rating on Marvell with a target price of $110, suggesting that the company's strong guidance supports a positive outlook [7].