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Wall Street Bullish on Nvidia and Marvell Ahead of Q2 Earnings Amid AI Demand Surge
Wall Street Bullish on Nvidia and Marvell Ahead of Q2 Earnings Amid AI Demand Surge
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BTCCSquare news:
Semiconductor giants Nvidia and Marvell Technology are poised to report fiscal Q2 earnings this week, with Wall Street analysts projecting robust growth fueled by artificial intelligence demand. Nvidia's anticipated 53% revenue jump to $45.9 billion reflects insatiable appetite for its AI GPUs, despite Chinese market uncertainties.
Wedbush's upgraded $210 price target signals confidence in Nvidia's dominance of the AI hardware space. The hyperscale computing boom shows no signs of slowing, with data center operators continuing to prioritize AI infrastructure investments. Marvell stands to benefit from parallel trends in custom chip solutions for cloud providers.
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