Marvell Technology Exec Says See AI Revenue This Year Almost Tripling To Over $1.5B
Portfolio Pulse from Benzinga Newsdesk
Marvell Technology's executive announced that the company expects its AI revenue to nearly triple this year, surpassing $1.5 billion.
April 11, 2024 | 2:21 pm
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Marvell Technology anticipates its AI revenue to almost triple to over $1.5 billion this year, indicating significant growth in its AI business segment.
The announcement of AI revenue nearly tripling to over $1.5 billion signifies a substantial growth in Marvell Technology's AI business segment. This positive news is likely to boost investor confidence and potentially lead to an increase in the stock price in the short term, as it reflects the company's strong position and growth prospects in the AI market.
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