MRVL241213C121000
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Marvell Technology Newsroom
Express News | Marvell Technology Shares up 5.3% Premarket After Larger Rival Broadcom's Upbeat Revenue Forecast
Express News | Pre-Market Trading: Broadcom's post-earnings surge of over 14% drives a collective rise in Semiconductors stocks.
Can Semis Continue to Shine Amid AI Boom? What Management Teams Say
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Looking At Marvell Tech's Recent Unusual Options Activity
Benchmark Co. Maintains Marvell Technology(MRVL.US) With Buy Rating, Maintains Target Price $135
Roth MKM Maintains Marvell Technology(MRVL.US) With Buy Rating, Maintains Target Price $130
Investors Heavily Search Marvell Technology, Inc. (MRVL): Here Is What You Need to Know
NVIDIA, AMD, and Intel have rarely joined forces to invest in a photonic chip company.
Source: Semiconductor Industry ObserverIn recent years, with the fierce competition in AI escalating, both traditional and emerging processor giants have been engaged in intense competition surrounding CPUs, GPUs, and AI accelerators. In particular, the three iconic giants AMD, Intel, and NVIDIA are under close scrutiny due to their rivalry, which includes the chase and counterattack of latecomers, the fierce rise of new markets, and the reluctance of old giants to fall behind. It is well known that these three companies are involved in both overt and covert battles over artificial intelligence and PCs. However, recently, these three companies have rarely joined forces to invest in a company called
Counterpoint: In the third quarter, the Global Semiconductors Industry revenue reached 158.2 billion USD, with a year-on-year growth of 17%.
In the third quarter of 2024, the Global Semiconductors Industry revenue grew by 17% year-on-year, reaching 158.2 billion dollars, mainly driven by demand for AI technology and the recovery of the memory industry.
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, with Meta, Amazon, and Netflix all reaching new highs. Nvidia rose more than 3%, and Broadcom rose nearly 7%. At one point, ultra-microcomputers fell more than 8%. The decline narrowed, and Fanduo turned up more than 11%. The US CPI for November is betting on cutting interest rates next week. Interest rate cuts may be suspended in January next year. US dollar and US bond yields will rebound in V shape, and spot gold will be the highest in five weeks. The yen dived below 152, and the offshore renminbi once fell more than 300 points to 7.29 yuan. After the Bank of Canada cut interest rates sharply, Canadian dollar and Canadian bond yields turned up, and oil prices rose by about 2%.
Marvell Technology Options Spot-On: On December 11th, 109.97K Contracts Were Traded, With 704.44K Open Interest
On December 11th ET, $Marvell Technology(MRVL.US)$ had active options trading, with a total trading volume of 109.97K options for the day, of which put options accounted for 24.32% of the total
Express News | Executives from Marvell (Marvell Technology Group Limited) stated that the company is producing ARM-based custom CPUs for hyperscale customers.
Express News | Marvell Exec Says Co Has a Custom Arm-Based CPU in Production for a Hyperscaler Customer- Barclays Conf
Semi Stocks Rise Helps Propel Nasdaq Above 20,000 Points
Jim Cramer Says Marvell Tech (MRVL) Is in a 'Game, Set, Match' Against Competitors
Marvell Technology Shares Are Trading Higher After the Company Announced the Debut of Its LPO Chipset to Address the Speed and Reach Limitations of Data Centers.
Marvell Technology announced a breakthrough in customized high-bandwidth memory.
Gelonghui, December 11 | Marvell Technology announced on Wednesday that it has made breakthroughs in custom high-bandwidth memory (HBM) used for AI processors. The new AI accelerator architecture (XPU) is said to increase computing power by 25%, memory by 33%, while also improving energy efficiency. The company is collaborating with Micron Technology, Samsung, and SK Hynix to customize HBM processors for the accelerator. Marvell Technology executive Will Chu stated in a statement: "Enhancing the XPU by customizing HBM for specific performance, power consumption, and total cost of ownership is key to AI accelerator design."
AMD, Broadcom, Marvell Are in Nvidia's Wake. This One Can Take Second Spot.
US stock market forecast | November CPI data meets expectations, the three major futures indexes rise sharply; Quantum Computing concept stocks surge before the market, with Rigetti and Quantum both climbing over 10%.
Pre-market up over 1%, Tesla's sales in China for December usher in a "good start": first week sales of 0.0219 million Autos, Cybertruck has completed Energy consumption declaration in China; Google executive: Search AI is the biggest bet, with an expected investment of 50 billion in 2024.