Marvell Technology(MRVL)
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Why Marvell Technology (MRVL) Outpaced the Stock Market Today
Zacks Investment Research· 2024-02-21 23:51
In the latest market close, Marvell Technology (MRVL) reached $65.52, with a +0.74% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.13%. Meanwhile, the Dow experienced a rise of 0.13%, and the technology-dominated Nasdaq saw a decrease of 0.32%.Prior to today's trading, shares of the chipmaker had lost 7.88% over the past month. This has lagged the Business Services sector's gain of 5.03% and the S&P 500's gain of 2.99% in that time.The upcoming earnings release of Ma ...
Marvell Technology (MRVL) Registers a Bigger Fall Than the Market: Important Facts to Note
Zacks Investment Research· 2024-02-20 23:56
In the latest trading session, Marvell Technology (MRVL) closed at $65.04, marking a -1.89% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.6%. On the other hand, the Dow registered a loss of 0.17%, and the technology-centric Nasdaq decreased by 0.92%.The chipmaker's stock has dropped by 5.45% in the past month, falling short of the Business Services sector's gain of 6.58% and the S&P 500's gain of 3.56%.Market participants will be closely following the financial r ...
Marvell Technology (MRVL) Rises Higher Than Market: Key Facts
Zacks Investment Research· 2024-02-14 23:51
Marvell Technology (MRVL) closed at $68.96 in the latest trading session, marking a +1.22% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.96%. On the other hand, the Dow registered a gain of 0.4%, and the technology-centric Nasdaq increased by 1.3%.The the stock of chipmaker has risen by 3.98% in the past month, lagging the Business Services sector's gain of 5.87% and overreaching the S&P 500's gain of 3.69%.The investment community will be paying close attention ...
Marvell Technology (MRVL) Falls More Steeply Than Broader Market: What Investors Need to Know
Zacks Investment Research· 2024-01-31 23:51
Marvell Technology (MRVL) closed at $67.70 in the latest trading session, marking a -1.64% move from the prior day. This move lagged the S&P 500's daily loss of 1.61%. Meanwhile, the Dow experienced a drop of 0.82%, and the technology-dominated Nasdaq saw a decrease of 2.23%.The chipmaker's shares have seen an increase of 18.33% over the last month, surpassing the Business Services sector's gain of 1.82% and the S&P 500's gain of 3.28%.The investment community will be closely monitoring the performance of M ...
Marvell Extends Connectivity Leadership for Accelerated Infrastructure with 200G/Lane Partner Demonstrations at DesignCon
Prnewswire· 2024-01-31 14:00
Amphenol, Keysight Technologies, Molex and TE Connectivity showcase 200G/lane copper links with Marvell DSPs for increasing data center bandwidth SANTA CLARA, Calif., Jan. 31, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, and leading cabling and system partners Amphenol, Keysight Technologies, Molex and TE Connectivity (TE) this week are demonstrating copper interconnects powered by Marvell® 224G long-reach (LR) DSP SerDes operating at ...
1 Chip Company Few Investors Know About Was Named a Top AI Stock for 2024 -- Is It a Buy?
The Motley Fool· 2024-01-28 13:35
After an epic run in 2023 thanks to artificial intelligence (AI) hype that turned out to be more than just a fleeting fad, Nvidia has soared into the public's collective consciousness. The GPU (graphics processing unit) designer is at the forefront of a movement to accelerate the world's computing infrastructure, and the company's shareholders have been handsomely rewarded.But how many investors have heard of Marvell Technology (MRVL -2.80%)? Not nearly so many. And yet, while Marvell isn't at the heart of ...
Why Marvell just dethroned Nvidia as Citi's top chip-stock pick
Market Watch· 2024-01-19 15:12
Move over, Nvidia Corp. A different chip name could be a bigger winner this year, according to a Citi analyst. Citi’s Atif Malik elevated Marvell Technology Inc.’s stock MRVL, +1.17% to his top specialty chip pick in a Friday morning note, bumping Nvidia’s stock NVDA, +1.21% to the No. 2 position. He cheered the 2024 setup for shares of Marvell, which sells compute, networking, storage and custom semiconductor offerings. The name is a play on the artificial-intelligence boom, according to Malik, who sees po ...
Marvell Technology (MRVL) Stock Sinks As Market Gains: Here's Why
Zacks Investment Research· 2024-01-13 00:35
Marvell Technology (MRVL) closed at $65.68 in the latest trading session, marking a -0.29% move from the prior day. This move lagged the S&P 500's daily gain of 0.08%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq appreciated by 0.02%.Shares of the chipmaker have appreciated by 11.1% over the course of the past month, outperforming the Business Services sector's gain of 2.13% and the S&P 500's gain of 3.52%.Investors will be eagerly watching for the performance of Marvell Technolo ...
Bear of the Day: Marvell (MRVL)
Zacks Investment Research· 2024-01-12 12:31
Marvell Technology ((MRVL) reported better-than-expected results for the third quarter of fiscal 2024, as the top and bottom lines outpaced the Zacks Consensus Estimates.Plus, the chipmaker’s Q3 revenues and earnings came above the midpoint of management’s guidance range.Despite reporting stronger-than-expected Q3 results, MRVL stock fell 10% over the coming week as its guidance for Q4 top and bottom lines fell short of the consensus mark.And the primary catalyst to dump MRVL into the cellar of the Zacks Ra ...
Marvell Technology, Inc. (MRVL) Presents at Barclays Global Technology Conference (Transcript)
2023-12-06 22:51
Marvell Technology, Inc. (NASDAQ:MRVL) Barclays Global Technology Conference December 6, 2023 11:40 AM ET Company Participants Matt Murphy - Chairman and CEO Ashish Saran - Head of IR Conference Call Participants Thomas O'Malley - Barclays Thomas O'Malley Welcome back, everyone. We're very happy to have Marvell here. Matt Murphy, Chairman and CEO; and Ashish Saran, Head of IR. So first off, thank you for being here. I really appreciated. As just [indiscernible] last week, I think a good [indiscernible] to t ...