Marvell Technology Q1 Earnings Preview: Investors 'Particularly Interested' In Company's AI Business, Second Half Growth
Portfolio Pulse from Chris Katje
Marvell Technology (NASDAQ:MRVL) is set to report its Q1 earnings, with analysts expecting revenue of $1.18 billion and EPS of 25 cents. The company's AI business and second-half growth are key focus areas. Analysts are optimistic about Marvell's AI ASIC shipments to Amazon and Google, and a potential recovery in datacenter storage segments. Marvell's shares have performed well, in line with the iShares Semiconductor ETF (NASDAQ:SOXX).
May 28, 2024 | 6:57 pm
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Marvell Technology is expected to report Q1 earnings with a focus on its AI business and potential growth in the second half of the year. Analysts are optimistic about AI ASIC shipments to Amazon and Google, and a recovery in datacenter storage segments.
Analysts are optimistic about Marvell's AI business and potential growth in the second half of the year. The company's AI ASIC shipments to Amazon and Google are expected to drive growth, and a recovery in datacenter storage segments is anticipated.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
The iShares Semiconductor ETF (SOXX) has seen gains in 2024, with Marvell Technology being a significant holding. Marvell's performance and upcoming earnings report could impact the ETF's value.
Marvell Technology is a significant holding in the iShares Semiconductor ETF. The performance and upcoming earnings report of Marvell could impact the ETF's value, given its substantial weight in the fund.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50