Marvell's Chip Sales Should Get a Lift From AI
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Marvell Technology is anticipated to report positive guidance for its October fiscal quarter results, driven by increased chip sales due to AI demand.
December 03, 2024 | 6:45 am
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Marvell Technology is expected to provide positive guidance for its October fiscal quarter results, driven by increased demand for its chips due to AI applications.
The article suggests that Marvell Technology's chip sales are benefiting from AI demand, which is likely to lead to positive guidance in their upcoming earnings report. This expectation of strong performance is likely to positively impact the stock price in the short term.
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