Marvell stock rallying over 20% on Q4 guidance, AI
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Marvell Technology's stock surged over 20% following its third quarter earnings beat and positive guidance for the fourth quarter and full year, driven by strong AI demand forecasts.
December 04, 2024 | 6:45 pm
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Marvell Technology's stock surged over 20% after exceeding Q3 earnings expectations and providing optimistic Q4 and full-year guidance, largely due to strong AI demand forecasts.
The stock price of Marvell Technology increased significantly due to better-than-expected Q3 earnings and positive future guidance, which were driven by strong AI demand forecasts. This indicates a positive market reaction and potential for continued growth.
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