Marvell Technology's strong Q3 earnings and AI chip growth surge its market value past Intel's.

Marvell Technology, known for custom chip design, is gaining investor interest due to strong Q3 earnings and growth in the AI chip market. The company reported $1.516 billion in net revenue, marking a 7% year-over-year increase. Marvell's custom AI chips, supplied to major tech firms like Amazon and Microsoft, are seen as key to future margin expansion. This growth has pushed Marvell's market value above Intel's, despite Intel's larger revenue, driven by increased AI chip demand.

3 months ago
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