What happened: Marvell Technology (MRVL) stock surged roughly 8% on Tuesday, touching its highest level since June. What's behind the move: The semiconductor designer raised its revenue guidance for fiscal year 2028, exceeding the average analyst estimate. "We expect approximately $20 billion in total company revenue in FY28, representing about 67% year-over-year growth," CEO Matt Murphy said during the company's investor day conference on Tuesday. Marvell had guided to $18 billion in August, while Wall Street had anticipated $18.2 billion for the period, according to Bloomberg data.
Nous affichons publiquement l'idee principale. Creez un compte gratuit pour lire l'article complet, l'enregistrer, le commenter et le relier au contexte marches et OSINT.