Chipmaker Marvell Beats Estimates, Calls AI 'A Key Growth Driver'

Chipmaker Marvell Technology (MRVL) late Thursday edged above Wall Street's targets for its fiscal first quarter and with its outlook. But MRVL stock surged in extended trading after the company called out artificial intelligence as a major growth driver.
The Santa Clara, Calif.-based company earned an adjusted 31 cents a share on sales of $1.32 billion for the period ended…

This story appeared on, 2023-05-25.
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