Marvell Technology shares rise 24.8% in September amid AI infrastructure optimism
NVDA NVIDIA Corp
$230.48 -2.94%
View chart & analysis → - 1Marvell Technology recorded a 24.8% increase in share price during September.
- 2Nvidia invested 2 billion dollars in Marvell last March.
- 3Marvell management raised its fiscal year 2031 revenue estimate to 80 billion dollars.
So what's the key point?
Marvell Technology's stock price rose 24.8% in September due to expectations for artificial intelligence infrastructure. The situation is positive as Nvidia has invested in the company and the revenue forecast has been raised to 80 billion dollars.
Source The Motley Fool · View original ↗
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