Marvell Technology Stock Breaks Record on Beat-and-Raise
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Marvell Technology Inc (NASDAQ:MRVL) has issued an optimistic fiscal-fourth quarter guidance, driven by strong demand in artificial intelligence (AI), leading to a record-breaking stock performance.
December 04, 2024 | 3:45 pm
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Marvell Technology's stock reached record highs following the release of positive fiscal-fourth quarter guidance, attributed to increased AI demand.
The company's optimistic guidance for the fiscal fourth quarter, driven by AI demand, has positively influenced investor sentiment, leading to a record-breaking stock performance.
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