Marvell Stock Gains as Custom AI Chips Boost Performance

Company Performance and Stock Movement - Marvell Technology shares rose nearly 2% intraday Monday to $120 22 and have doubled over the past year [3] - The company's current-quarter revenue forecast significantly exceeded Wall Street expectations [2][3] Technological Advancements - Marvell's artificial intelligence (AI) accelerator chips (XPUs) are now better able to increase the performance of AI servers [1][3] - The company's co-packaged optics technology boosts server performance by increasing XPU density from tens of chips within one server rack to hundreds across multiple racks [1][3] - The integrated technology is now available for Marvell's clients, namely cloud hyperscalers, to develop custom XPU designs [1] Financial Outlook - Marvell is on track to exceed its previous expectation that AI network and custom processor chip sales would reach $2 5 billion by fiscal 2026 [2]