Marvell Technology Q3: A True AI Winner
Portfolio Pulse from
Marvell Technology reported strong Q3 results, driven by its custom silicon business and a significant agreement with Amazon AWS. The company is well-positioned for future growth with strong Q4 guidance and a forecasted 26% revenue growth for fiscal 2025.
December 04, 2024 | 9:00 am
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Marvell Technology's Q3 results were strong, driven by a key agreement with Amazon AWS and a focus on AI. The company reported a 98% YoY increase in data center revenue and is forecasting 26% revenue growth for fiscal 2025.
Marvell's strong Q3 results, driven by a significant agreement with Amazon AWS and a focus on AI, indicate positive momentum. The 98% YoY increase in data center revenue and strong future guidance suggest a likely positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100