Marvell Technology shares rise on earnings surge

https://www.cnbc.com/2023/05/26/marvell-technology-shares-surge-after-earnings-beat-heres-how-to-play-it.html Marvell Technology shares rise on earnings surge
Market Movers has rounded up the best reactions to Marvell Technology from investors and analysts. The chipmaker’s stock hit a new 52-week high on Friday. A day earlier, Marvell posted better sales and earnings numbers in its latest earnings report. In a conference call with analysts, CEO Matt Murphy said artificial intelligence is a “key growth driver” and the semiconductor company is now reconsidering how it sees the “enormous” business potential of AI. Marvell shares gained 32.4% on Friday.
https://www.cnbc.com/2023/05/26/marvell-technology-shares-surge-after-earnings-beat-heres-how-to-play-it.html Marvell Technology shares rise on earnings surge