Marvell Looking To Leverage Expertise In Electro-Optics And Custom Silicon To Stake Claim In AI Boom
MRVLMarvell Technology(MRVL) Seeking Alpha·2024-08-23 05:04
JHVEPhoto This “all AI, all the time” world for chip companies has certainly been a boon for Marvell Technology, Inc. (NASDAQ:MRVL), not only as demand for electro-optics (used for high-speed interconnect) and ramping custom silicon has helped mitigate major cyclical declines in other parts of the business, but as investors have piled into the hot theme of the day. Marvell shares are up about 60% since my last update, lagging names like Broadcom Inc. (AVGO) and NVIDIA Corporation (NVDA) as well as the b ...