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Marvell Technology Surges on Strong Earnings and AI-Driven Data Center Growth

Marvell Technology Surges on Strong Earnings and AI-Driven Data Center Growth

Author:

Global Cryptocurrency

Published:

2026-03-06 13:25:02

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BTCCSquare news:

Marvell Technology's stock soared 11% in premarket trading after surpassing Q4 earnings expectations with $0.80 EPS and $2.22 billion revenue. Data center revenue, a key growth driver, climbed 21% year-over-year to $1.65 billion, outpacing analyst estimates.

The company's bullish Q1 revenue guidance of $2.4 billion—well above Wall Street's $2.28 billion forecast—reflects accelerating AI infrastructure demand. Bank of America and Benchmark Research upgraded MRVL to Buy, with price targets reaching $130, citing operational leverage from record bookings.

CEO Mark Murphy highlighted sequential quarterly growth acceleration for fiscal 2027, with full-year 2026 revenue jumping 42% to $8.195 billion. The semiconductor firm's performance underscores the broader tech sector's reliance on AI-capable hardware.

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