youtube
Marvell Technology delivered strong second quarter results that beat Wall Street estimates, propelled by a 46 percent year-over-year surge in data center revenue to over 2 billion dollars amid robust artificial intelligence demand. Despite topping expectations and issuing strong third quarter revenue guidance of 3.15 billion dollars to surpass consensus forecasts, the stock pulled back due to elevated investor expectations, while quantitative ratings maintain a hold stance as rich valuation metrics balance out strong business momentum.
|
