Oct 6 : Marvell raised its 2028 revenue forecast to about $20 billion on Tuesday, citing strong demand for its chips used in data centers.
Shares of the company rose nearly 9 per cent in early trading. The stock has more than tripled in value so far this year.
Marvell had forecast $18 billion in revenue in August. Analysts were expecting revenue of $18.2 billion, according to data compiled by LSEG.
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