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Marvell Technology Reaches $100 Billion Valuation After Earnings Beat And Amazon Deal
MRVLMarvell Technology(MRVL) Forbes·2024-12-04 20:54

ToplineShares of Marvell Technology surged to a record high on Wednesday, as the semiconductor firm eclipsed a market capitalization of 100billionforthefirsttimeafterreportingbetter−than−expectedearningsandanexpandeddealwithAmazontocollaborateoncloudsoftwareandhardware.Thesemiconductorfirmannouncedafive−yeardealwithAmazontocollaborateoncloudsoftwareand...[+]hardware.©2024BloombergFinanceLPKeyFactsMarvell’ssharesjumpednearly23100 billion for the first time after reporting better-than-expected earnings and an expanded deal with Amazon to collaborate on cloud software and hardware.The semiconductor firm announced a five-year deal with Amazon to collaborate on cloud software and ... [+] hardware.© 2024 Bloomberg Finance LP Key FactsMarvell’s shares jumped nearly 23% to just under 118 as of around ...