Marvell Shares Jump on Strong Fiscal 2028 Revenue Outlook
Marvell Technology expects fiscal 2028 revenue to approach $15 billion as AI data center demand grows. Shares rose 15 percent following the announcement.
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Marvell Technology, Inc. has projected fiscal 2028 revenue significantly above Wall Street expectations, driven by the ongoing surge in artificial intelligence data center investments. The company's shares climbed 15% in extended trading following the announcement, which highlighted robust demand for specialized custom application-specific integrated circuits (ASICs) and high-speed interconnect technologies.
