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Marvell projects Q1 revenue above Wall Street estimates

The chip designer expects revenue of about 2.40 billion dollars for the first quarter. This outlook exceeds analyst estimates due to rising demand for AI chips.

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Chip designer Marvell Technology, Inc. forecast first-quarter revenue above Wall Street estimates on Thursday, signaling rising demand for custom semiconductors used in data centers to support artificial intelligence applications.

An illustration of semiconductor chips mounted on a printed circuit board, captured on February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo
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