Marvell Raises 2028 Revenue Forecast to $20 Billion on AI Data Center Demand
Marvell has raised its 2028 revenue forecast to approximately $20 billion, driven by robust demand for its chips used in AI data centers. The company's shares saw an early trading surge of nearly 9%.
Marvell NASDAQ:MRVL raised its 2028 revenue forecast to about $20 billion on Tuesday, citing strong demand for its chips used in data centers. Shares rose nearly 9% in early trading. The stock has more than tripled in value so far this year. Marvell had forecast $18 billion in revenue…