Marvell Technology Forecasting AI Revenue In Fiscal 2024 To At Least Double From Prior Year And Continue To Grow Rapidly In Coming Years
Portfolio Pulse from Benzinga Newsdesk
Marvell Technology forecasts its AI revenue in fiscal 2024 to at least double from the prior year and continue to grow rapidly in the coming years.
May 25, 2023 | 8:14 pm
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Marvell Technology's AI revenue is expected to at least double in fiscal 2024 and continue to grow rapidly in the coming years, potentially boosting its stock price.
Marvell Technology's forecast of doubling its AI revenue in fiscal 2024 and continued rapid growth in the coming years indicates strong business performance and potential for increased stock price. Investors may view this as a positive sign for the company's future growth and profitability.
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