Marvell shares are trading higher after the company reported strong Q1 results, issued upbeat guidance and said it expects AI revenue to at least double in 2024.
Portfolio Pulse from Benzinga Newsdesk
Marvell reported strong Q1 results and issued upbeat guidance, expecting AI revenue to at least double in 2024. Shares are trading higher.
May 25, 2023 | 8:34 pm
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POSITIVE IMPACT
Marvell's strong Q1 results and optimistic guidance for AI revenue doubling by 2024 have led to higher share prices.
Marvell's strong Q1 results indicate solid financial performance, and the upbeat guidance for AI revenue doubling by 2024 shows optimism in the company's growth potential. This positive news has led to an increase in share prices, making it likely that the stock will continue to perform well in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100