Marvell Technology, Inc.

Marvell kicks off its investor day in New York today after the stock has risen about 220% year-to-date. In Q2 the company posted record revenue of $2.74 billion and expects $3.15 billion for the current quarter. Market participants are focusing on comments about the AI infrastructure strategy, possible upward revisions to targets for customer-specific chips and the expected margin drag from those custom chips; an option allows Google to acquire up to 59 million shares tied to chip purchases through 2033. » More on deraktionaer.de

Marvell expanded a multi-year agreement with GlobalFoundries to increase SiGe production capacity at GF's Burlington, Vermont facility to support growing demand for optical transceivers and co-packaged optics. Marvell reported record Q2 fiscal 2027 revenue and raised its outlook, citing robust AI-related bookings that should accelerate revenue growth through the year. GlobalFoundries is seeing strong SiGe and silicon photonics demand and says capacity is oversubscribed through 2027, while valuation and short-interest metrics differ markedly between the two firms. » More on finance.yahoo.com

Marvell views the recent price decline as a buying opportunity and does not expect a lasting hit from calls to slow frontier training. Instead, the company anticipates further growth from hyperscalers' focus on inference, custom silicon and stronger network connectivity, noting that no capex reductions are apparent so far. The shift from training to inference could even favor Marvell, the company believes. » More on finanzen.net