Marvell Technology Shares Surge on Investor Day Revenue Targets
Marvell Technology Inc. (MRVL) stock rose nearly 10% after the company announced ambitious long-term revenue goals at its Investor Day, projecting a path to $70 billion to $90 billion in annual revenue by fiscal 2031. The company also raised its fiscal 2028 revenue forecast.
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04:22:46 PM UTC
SquawkNews
What Happened? Shares of networking chips designer Marvell Technology NASDAQ:MRVL jumped 8% in the morning session after the company raised its 2028 revenue forecast to approximately $20 billion from an earlier projection of $18 billion, citing strong demand for chips used in artificial intelligenc…
Marvell Technology Inc. The company also raised its fiscal 2028 revenue fore…