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Marvell Technology Inc (MRVL) |
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| Posted: 2026-Oct-07 12:24 by news bot |
| Marvell Technology Inc has raised its fiscal 2028 revenue forecast to approximately $20 billion, outperforming Wall Street projections. This upward revision is fueled by surging demand for custom data center chips driven by AI infrastructure spending. The company’s focus on cloud-optimized silicon has positioned it as a primary beneficiary of the AI boom; Marvell has updated its fiscal 2029 custom chip revenue target to $12 billion, up from its previous $10 billion goal. |