Marvell Technology Stock Surges on Better-Than-Expected Sales, Boosted by AI Demand

Key TakeawaysMarvell Technology reported better-than-expected sales for the second quarter, boosted by demand for artificial intelligence.CEO Matt Murphy said the company saw strong growth from its electro-optics products and that its custom AI programs began to ramp up.Marvell Technology shares surged nearly 5% in early trading Friday and have gained over one-fifth of their value since the start of the year. Marvell Technology (MRVL) shares surged nearly 5% in early trading Friday after the maker of networ ...