Marvell Technology Shares Jump on Strong AI Growth. Is It Too Late to Buy the Stock?
Share prices of Marvell Technology (NASDAQ: MRVL) surged last week after the company reported strong fiscal fourth-quarter results and issued upbeat guidance. The stock has been very up and down over the past year, but this latest jump puts it up around 30% during that stretch. The company is an AI infrastructure beneficiary as it provides networking chips, connectivity solutions, and storage controllers that are used to build and scale servers for artificial intelligence (AI) workloads. It also helps cus ...