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Marvell Technology shares rise on aggressive long-term financial outlook

Investing.com +1 ·

MRVL Marvell Technology Inc
$287.01 +5.81%
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  1. 1Marvell Technology shares rose by as much as 10%.
  2. 2The company announced a revenue target of $20 billion for fiscal year 2028.
  3. 3Marvell Technology projected a total addressable market (TAM) of $400 billion by 2030.

So what's the key point?

Marvell Technology announced that it expects to earn a lot of money in the future. The stock price rose as the company set a revenue goal of $20 billion for fiscal year 2028.

Source Investing.com +1 · View original ↗

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