Faster global financial news!
Marvell Technology fell 8% in premarket trading, as its updated FY2028 outlook fell short of market expectations, despite a 37% increase in Q2 revenue to $2.7 billion.
The chipmaker anticipates a revenue increase of approximately 50% year-over-year to $18 billion in fiscal year 2028, surpassing its previous forecast of $16.5 billion. Investors had high expectations for Marvell's collaboration agreement with Google, valued at up to $12.2 billion, but the company's limited disclosure of details regarding its fiscal year 2028 outlook dampened market sentiment. Matt Murphy, Chairman and CEO of Marvell, stated that the performance growth was driven by sustained strong demand for its data center product portfolio, with AI-related orders remaining exceptionally robust.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
End of the USDT "Black Box" Era? Tether Undergoes First Four Audits, $184 Billion Reserves Unveiled
-
2
A Guide to Major Global Cryptocurrency Exchanges: Overview and Selection
-
3
KINE Token Analysis: Trading Channels and Project Status
-
4
LUNA and LUNC Burning Mechanisms and Latest Developments: An Analysis of the Dual-Token Status in the Terra Ecosystem
-
5
ShapeShift FOX Token: Value and Long-Term Outlook Analysis
-
6
XQR Coin: Qredit Project Status and Future Prospects Analysis
-
7
OKT Coin: Issuance, Use, and Market Performance of OKT Chain's Native Token
-
8
METANO Token: An Analysis of the ERC-20 Token's Status Under the Space Exploration Narrative
-
9
What are AE coin's microblocks? An analysis of their working principles and advantages.
-
10
Jefferies: A 5% yield on five-year U.S. Treasurys is an attractive level for long-term buyers.
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
