Marvell, Synopsys close lower despite forecast-topping earnings buoyed by AI - SiliconANGLE

Marvell Technology (MRVL) stock surges 142% YTD ahead of Q1 FY2027 earnings, with HSBC, Citi, and Susquehanna raising price targets on AI networking demand.

May 27 : Marvell Technology forecast quarterly revenue above estimates on Wednesday, signaling strong demand for its networking and custom silicon chips used in the AI data center…

May 27 : Marvell Technology forecast on Wednesday its custom chip business would surpass $10 billion in revenue in fiscal 2029, as cloud companies expand AI data centers and…

Marvell Technology matched Wall Street's earnings target for its fiscal Q1 on slightly higher-than-expected sales. Marvell stock rose.

Marvell, Synopsys close lower despite forecast-topping earnings buoyed by AI - SiliconANGLE

The chipmaker posted record quarterly revenue of $2.42 billion and guided for $2.70 billion next quarter, citing exceptional AI-related bookings

Marvell Technology's stock falls despite upbeat Q1 results. Analysts maintain Buy ratings with price targets on continued AI-related demand.

Marvell stock gets a wave of target hikes as analysts bet on AI growth, though valuation concerns keep Wall Street divided.