Tag

Marvell

All articles tagged with #marvell

markets29 days ago•105 min saved

POET Shares Slump After Marvell Cancels Celestial AI Orders

POET Technologies’ stock fell after Marvell canceled all outstanding Celestial AI orders, with Marvell accusing POET of confidentiality breaches. POET says it’s pivoting to other priorities (including a $5 million order with another firm) and continues developing its POET Optical Interposer, but cautions there’s no guarantee it can reestablish the Marvell relationship. The company also faces upcoming May earnings and traders are watching key levels around support near $12 and resistance near $9 as the narrative unfolds.

via Benzinga|

#ai-hardware #celestial-ai #markets

market-news29 days ago•14 min saved

POET Stock Drops After Marvell-Celestial AI Order Is Canceled

POET Technologies’ stock fell sharply after Marvell’s Celestial AI canceled a purchase order POET had disclosed, triggering volatility linked to confidentiality breaches. The company highlighted other deals and ongoing focus on AI and optical networking, while trading volume surged and analysts maintained a cautious Neutral stance with a $15.50 target.

via TipRanks|

#celestial-ai #market-news #marvell

technology1 month ago•2 min saved

Marvell-Google in Talks to Create Dual AI Chips

Marvell Technology’s stock rose after reports that Google is negotiating with the chipmaker to co-develop two AI-focused processors—a memory-processing unit to complement Google's TPUs and a new TPU aimed at running AI models—potentially diversifying Google’s supply and signaling bigger tech’s push to build in-house chips amid rising AI demand.

via Reuters|

#ai #chip-design #google

technology1 month ago•6 min saved

Google and Marvell eye dual AI-inference chips to speed up models

Google is in talks with Marvell Technology to co-develop two new AI chips aimed at running models more efficiently: a memory processing unit designed to work alongside Google’s Tensor Processing Unit and a new TPU built specifically for inference, underscoring rising demand for accelerators that speed up AI workloads.

via The Information|

#ai-chips #google #inference

technology1 month ago•12 min saved

NVIDIA and Marvell Ink NVLink Fusion Deal to Scale AI Infrastructure

NVIDIA and Marvell announced a strategic partnership to connect Marvell to NVIDIA’s AI factory and AI-RAN ecosystem via NVLink Fusion, enabling a heterogeneous, rack-scale AI infrastructure. Marvell will supply custom XPUs and NVLink Fusion-compatible scale-up networking; NVIDIA will provide Vera CPU, ConnectX NICs, Bluefield DPUs, NVLink interconnect and Spectrum-X switches, and NVIDIA has invested $2 billion in Marvell. The collaboration aims to accelerate AI workloads and transform telecom networks into AI infrastructure, including AI-RAN for 5G/6G and related optical interconnect innovations.

via NVIDIA Newsroom|

#ai-infrastructure #custom-xpus #marvell

technology4 months ago•6 min saved

Marvell's Acquisition of XConn Boosts AI Data Center Connectivity Leadership

Marvell is acquiring XConn Technologies to expand its AI data center connectivity solutions, adding advanced PCIe and CXL switching silicon, and strengthening its UALink scale-up switch team to support next-generation AI workloads and data center infrastructure.

via Marvell Technology|

#ai-data-center #cxl #marvell

business5 months ago•3 min saved

Marvell Stock Surges on Earnings and $3.25 Billion Celestial AI Acquisition

Marvell Technology's stock surged over 10% after reporting strong quarterly earnings, a positive data center growth forecast, and announcing the acquisition of chip startup Celestial AI, signaling a focus on expanding its presence in the AI and data center markets.

via Investor's Business Daily|

#business #celestial-ai #chip-technology

technology5 months ago•9 min saved

Marvell's $3.25 Billion Acquisition of Celestial AI Boosts AI and Data Center Growth

Marvell is acquiring Celestial AI to enhance its optical interconnect technology for next-generation AI and data center infrastructure, aiming to lead the shift from electrical to optical connections within data centers, with expected revenue contributions starting in 2028.

via Marvell Technology|

#ai-infrastructure #celestial-ai #data-centers

business9 months ago•3 min saved

Marvell Stock: Despite Mixed Results, Analysts See Long-Term Upside

Marvell's stock declined after mixed quarterly results, with revenue slightly below expectations but earnings forecasted to improve. Despite concerns over data center growth and recent auto business sale, top analyst Harsh Kumar maintains a bullish outlook with a $85 target, citing potential upside and a strong consensus rating of 'Strong Buy.'

via TipRanks|

#business #data-center #investment

business9 months ago•2 min saved

Marvell Stock Drops Amid Disappointing Data Center Revenue and Growth Outlook

Marvell Technology's stock declined after its strong second-quarter results were overshadowed by cautious third-quarter guidance, leading Wall Street to revise down its near-term growth forecasts amid mixed signals of ongoing demand in AI and enterprise markets.

via Yahoo Finance|

#ai-demand #business #growth-prospects

business9 months ago•2 min saved

Marvell Shares Drop 16% on Disappointing Data Center Revenue and Outlook

Marvell's stock dropped 16% after its data center revenue and future guidance fell short of expectations, despite a record revenue increase driven by AI demand, with concerns about growth prospects and lack of clarity on new customer pipeline affecting investor confidence.

via CNBC|

#ai-chips #business #data-center-revenue

business9 months ago•2 min saved

Marvell Stock Declines Amid Disappointing Forecasts and Strong Data Center Growth

Marvell Technology reported strong earnings but issued a sales forecast below Wall Street expectations, leading to an 8% drop in after-hours trading. The company highlighted increased demand for AI and enterprise networking products, but investors reacted to the sales outlook, causing the stock to decline despite recent gains.

via Investor's Business Daily|

#ai-demand #business #marvell

business9 months ago•2 min saved

Marvell Stock Declines Amid Disappointing Q2 Earnings and Outlook

Marvell's stock declined after its Q2 earnings report fell short of expectations, leading to a decrease in investor confidence and a drop in share price.

via TipRanks|

#business #earnings #marvell

business1 year ago•2 min saved

Marvell Stock Declines Despite Strong AI Chip Demand and Earnings

Marvell Technology's stock has declined significantly this year, but analysts see potential value due to its involvement in AI chip design for major clients like Amazon and Microsoft. Despite concerns over its market share and growth compared to Nvidia, Marvell's progress with custom AI hardware and upcoming events could boost investor confidence and valuation.

via Barron's|

#ai-chips #amazon #business

business1 year ago•2 min saved

Marvell's AI Focus and Growth Outlook Drive Stock Performance

Marvell Technology reported solid Q1 earnings with revenue of $1.90 billion and adjusted EPS of 62 cents, slightly beating expectations, driven by strong data center segment growth. Despite the positive results, its stock fell 2.3% after hours as the company faces industry headwinds and a challenging stock performance in 2025, with a focus on the shift towards custom chips by hyperscalers and tech giants.

via Barron's|

#ai-hardware #business #chip-industry