Marvell Technology
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Marvell Technology, Flex to Join S&P 500 Later This Month
Marvell Technology Group Ltd. headquarters in Santa Clara, California, US, on Friday, Sept. 6, 2024. Intel is reportedly planning to sell Altera, its programmable chip unit, as a result of the company's mounting financial struggles, with Marvell Technology seen as a likely buyer, according to media reports.
Marvell Technology, Flex Set to Join S&P 500 Later This Month
Marvell Technology Group Ltd. headquarters in Santa Clara, California, US, on Friday, Sept. 6, 2024. Intel is reportedly planning to sell Altera, its programmable chip unit, as a result of the company's mounting financial struggles, with Marvell Technology seen as a likely buyer, according to media reports.
Marvell Technology surges after Nvidia's Huang calls it 'next trillion-dollar company'
Marvell Technology surges after Nvidia's Huang calls it 'next trillion-dollar company' June 2 : Marvell Technology's shares surged more than 24 per cent in premarket trading on Tuesday after Nvidia CEO Jensen Huang called the chipmaker the next "trillion-dollar company." Huang and Marvell CEO Matt Murphy were speaking at an event at the Computex week in Taipei on Tuesday. Marvell shares were last up 24.4 per cent at $272.9, set to add more than $47.2 billion in market capitalisation if gains...
Marvell Technology and Flex to join S&P 500 index, replacing Pool and Campbell's
Marvell Technology, a chipmaker that makes several different parts and products needed for the artificial intelligence infrastructure boom, is joining the S&P 500 on June 22, becoming the latest semiconductor company to be added to the benchmark. Flex, a contract manufacturer for electronics, will also be added to the index on June 22, according to a press release. The two companies will replace Pool Corp and The Campbell's Company.
Marvell Technology jumps almost 9% in premarket after news it will join the S&P 500 index
Marvell Technology was up almost 9% in premarket trading on Monday after it was announced that the AI chipmaker would be joining the benchmark S&P 500 index. The semiconductor company, which trades on the Nasdaq, will join the broad-market index on June 22 and will sit alongside the 500 leading companies in the U.S., S&P Global said in a press release on Friday. Marvell was last seen up 8.8% in premarket trading and is up 210% year-to-date.
Micron, Marvell, and Broadcom lead chipmakers' premarket losses
Technology stocks fell in premarket trading Thursday, with chipmakers Broadcom, Micron Technology and Marvell Technology leading the losses as investors fled the semiconductor space. Broadcom shares were down 15.1% ahead of the market open after the company, which designs and makes customized AI chips for other technology names, reported weaker-than-expected earnings on Wednesday. The fall was part of a broader retreat from chipmakers and other tech stocks ahead of Thursday's market open.
Marvell Surges After Huang Calls It the Next $1 Trillion Company
Jensen Huang, left, and Marvell Technology CEO Matt Murphy in Taipei, on June 2.
The tech that could make Marvell the next trillion dollar company
The sun is slowly but surely setting on copper interconnects, Marvell CEO Matt Murphy claimed in his Computex keynote this week. Within the next decade the IP house expects photons to take the place of electrons and change the way datacenters are built and run in the process. And, if Nvidia CEO Jensen Huang is right, the widespread transition to silicon photonics technologies could make Marvell the next trillion dollar company.
California-based chipmaker's stock jumps 20% as Nvidia CEO praises firm on stage
Shares of California-based semiconductor company Marvell Technology surged more than 20% on June 2 after Nvidia CEO Jensen Huang predicted it could become the "next trillion-dollar company." During a stage appearance in Taiwan alongside Marvell CEO Matthew Murphy, Huang publicly praised the company saying Marvell has enabled greater connectivity across AI systems and that it may be the “next trillion-dollar company”. Soon after Huang’s comments, the tech firm's shares traded at an increased...
Marvell Surges After Huang Calls It the Next $1 Trillion Company
Jensen Huang, left, and Marvell Technology CEO Matt Murphy in Taipei, on June 2.