Marvell Has Raised Its Growth Outlook 3 Times Since December. The Stock Still Sits 28% Below Its High.
Marvell keeps raising its revenue outlook, yet the stock sits far below its high. One of those readings has the numbers on its side.
Overview
Marvell Technology (NASDAQ:MRVL) CEO Matt Murphy spent Tuesday evening on CNBC's Mad Money making the case that the chipmaker has become one of the artificial intelligence (AI) build-out's essential suppliers.
"We are basically the Switzerland of this entire market right now, we work with everybody," Murphy said.
Details
He described a customer list that now includes custom chip work for all four of the biggest U.S. cloud computing companies.
Source
Originally published at www.fool.com.
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