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Marvell Technology Is Powering the AI Revolutionāand Its Earnings Are Lifting the Stock
The data-center boom is still going strong for Marvell Technology The chip company reported better-than-expected first-quarter revenue and sees higher revenue than expected in the current quarter. Marvell stock gained 6.5% in after-hours trading following the results. Marvell reported revenue of $2.42 billion, compared with Wall Street estimates of $2.41 billion, according to FactSet.
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