This Artificial Intelligence (AI) Chip Stock Has Stepped on the Gas, and It Could Fly Higher After Aug. 29
Marvell Technology(MRVL) The Motley Fool·2024-08-28 17:00
A solid set of results could give this chip stock a nice boost.Shares of Marvell Technology (MRVL 1.29%) are up 14% year to date, and there is a good chance the stock could get a nice shot in the arm when it releases its fiscal 2025 second-quarter results on Aug. 29.Though Marvell may be trailing the 22% gain clocked by the PHLX Semiconductor Sector index, the company's growing revenue from sales of artificial intelligence (AI) chips is driving outstanding results for its data-center segment.Marvell is faci ...