Marvell Technology Group Ltd. Aktie News

Marvell® Brightlane™ end-to-end Ethernet portfolio enabling connectivity inside GM vehicles SANTA CLARA, Calif. , April 23, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced that General Motors has named it one of just eight 2023 Overdrive Award winners.

With the innovation sector broadly suffering a corrective spell, it's tempting to jump on tech stocks to buy now. However, the million-dollar question has always been, which ones?

Stock buybacks, also called stock repurchases, are important drivers of shareholder value, which is one of the reasons why Marketbeat tracks the data. As the name suggests, a buyback is when a company buys back its own shares from the market.

Nvidia's ability to adapt its GPU technology to multiple use cases spells tremendous opportunity. Marvell Technology will benefit from the switch to AI computing underway in the data center market.

Predictions about transformative technologies often miss the mark (here are some crazy examples). Artificial intelligence (AI) is carrying the market, and many ask if we are in another bubble.

My recommendation is a buy as I expect the worst of the cycle to be over and strong growth expected in FY26. The company's data center business, particularly in cloud infrastructure and AI, is a key driver of long-term growth. MRVL's cloud custom silicon business is also expected to exceed the $800 million target run rate by the end of CY2024.

Data from S&P Global shows that many U.S. chip giants generate a larger share of revenue from China compared with the U.S. despite increasing trade barriers.

Chipmaker Marvell Technology announced new business making custom AI chips for large U.S.-based cloud computing firms.