Calgary, Alberta--(Newsfile Corp. - July 19, 2024) - Marvel Biosciences Corp. (TSXV: MRVL) and its wholly owned subsidiary, Marvel Biotechnology Inc. (collectively the "Company" or "Marvel"), is pleased to report that, further to its press releases of May 16, 2024 and June 21, 2024, it has closed its non-brokered private placement unit offering (the "Offering"). The offering resulted in the issuance of 5,000,000 units at $0.10 per unit (the "Units") for gross proceeds of $500,000. Each Unit is comprised of ...

BlackJack3D Investment Thesis Marvell Technology (NASDAQ:MRVL) is still suffering from the cold it caught a few years ago due to the slowdown in some of its erstwhile growth markets, such as carrier infrastructure and automotive connectivity solutions. On a year-to-date basis, Marvell is still marginally outperforming broader markets, delivering 22% in 2024 versus the 17–22% performance range of the indices, but still underperforming the Philly Semiconductor Index (SOX). Exhibit A: Marvell's performan ...

Marvell has all the pieces in place to rival the best AI chip designers, but it's underperforming nonetheless.After a solid rally in 2023 and a hot start to 2024, shares of chip designer Marvell Technology Group (MRVL 1.57%) have failed to participate in the artificial intelligence (AI) chip stock surge this year. It's a confounding situation, because Marvell has many of the pieces in place to rival one of the top semiconductor stocks right now, Broadcom (AVGO 2.20%). Is there something wrong with Marvell? ...

Marvell Technology (MRVL) shares have climbed 14% year to date, reflecting investors’ confidence in the company’s strong financials and innovative product line.MRVL is benefiting from robust demand across its electro-optics portfolio, which includes pulse amplitude modulation (“PAM”), digital signal processors (“DSP”), trans-impedance amplifiers and ZR data center interconnect products.Adding to its wide array of electro-optics portfolio, Marvell Technology has launched the Alaska A 1.6T PAM4 DSP for active ...

New Alaska® A 1.6T PAM4 DSP for copper interconnects is built on Marvell industry-leading 5nm PAM4 technology. Addresses the growing need for 200G/lane I/O to handle AI accelerator and GPU bandwidth demands.  Enables 1.6T short-reach copper connectivity within accelerated compute racks. SANTA CLARA, Calif., June 27, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today introduced the Marvell® Alaska® A 1.6T PAM4 DSP for active electric ...

SANTA CLARA, Calif., June 21, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on July 31, 2024 to shareholders of record as of July 12, 2024.About MarvellTo deliver the data infrastructure technology that connects the world, we're building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world's leading technology companies for over 25 years, we move, store, process and ...

Calgary, Alberta--(Newsfile Corp. - June 21, 2024) - Marvel Biosciences Corp. (TSXV: MRVL) and its wholly owned subsidiary, Marvel Biotechnology Inc. (collectively the "Company" or "Marvel"), wishes to announce that, further to Marvel's May 16, 2024 press release announcing the Company's non-brokered private placement unit offering (the "Offering"), the TSX Venture Exchange ("TSXV" or the "Exchange") has conditionally accepted the Company's proposed Offering and has granted the Company a two-week extension ...

One stock that might be an intriguing choice for investors right now is Marvell Technology, Inc. (MRVL) . This is because this security in the Technology Services space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in t ...

Marvell Technology (MRVL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this chipmaker have returned -0.7% over the past month versus the Zacks S&P 500 composite's +3.6% change. The Zacks Technology Services industry, to which Marvell belongs, has gained 4.6% over this period. Now the key question is: Where could the stock be headed in the near term?Although media reports o ...

Investment Rating - The report assigns a positive outlook for Marvell Technology, Inc. with expectations of revenue growth in the upcoming quarters, particularly driven by the data center market and AI-related products [2][3][15]. Core Insights - Marvell Technology, Inc. reported FY2025Q1 revenue of $1.161 billion, which was a 12.2% year-over-year decline and an 18.6% quarter-over-quarter decline, but exceeded the guidance midpoint of $1.15 billion [2][3]. - The data center market showed strong performance, with revenue of $816 million, representing a 87.3% year-over-year increase and a 6.7% quarter-over-quarter increase, driven by AI demand [3][9][15]. - The company expects FY2025Q2 revenue to be between $1.18875 billion and $1.3125 billion, indicating a quarter-over-quarter growth of 7.7% and a year-over-year decline of 6.8% [11][12]. Summary by Sections Overall Revenue Situation - FY2025Q1 revenue was $1.161 billion, exceeding guidance [2][8]. - Non-GAAP gross margin was 62.4%, slightly below the previous quarter but above the year-ago period [3][8]. - Operating expenses for FY2025Q1 were $680 million GAAP and $454 million Non-GAAP, reflecting successful cost-cutting measures [8][16]. Revenue Breakdown by End Market - Data center market revenue was $816 million, accounting for 70% of total revenue [9][10]. - Enterprise networking market revenue was $153 million, a significant decline due to inventory adjustments [9][10]. - Carrier infrastructure market revenue was $72 million, also reflecting a decline [9][10]. - Consumer market revenue was $42 million, down significantly due to the end of product life cycles [9][10]. - Automotive and industrial market revenue was $78 million, showing a slight decline [9][10]. Company Guidance - For FY2025Q2, the company anticipates revenue of $1.18875 billion to $1.3125 billion, with a Non-GAAP gross margin of 62% [11][12]. - The data center segment is expected to continue its growth trajectory, driven by custom projects and AI demand [12][15]. - The company is optimistic about revenue recovery in the second half of FY2025, particularly in Ethernet and new model production [11][12][15].