Marvell Rallies After Upbeat CEO Remarks, Celestial AI Deal

(Bloomberg) -- Marvell Technology Inc. rallied in late trading after reassuring investors that its custom chip-design unit is winning repeat orders, signaling continued growth as the company benefits from runaway spending on AI computing.On a post-earnings conference call with analysts, Marvell said it’s now more bullish about revenue growth next year and predicted that custom chip sales will increase 20%. Large customers have renewed orders, and Marvell said there won’t be a repeat of previous “air pockets ...