Marvell projects strong fiscal 2028 revenue on AI-driven data center boom, shares jump

Marvell projects strong fiscal 2028 revenue on AI-driven data center boom, shares jump

By Jaspreet Singh March 5 (Reuters) – Marvell Technology (MRVL) forecast fiscal 2028 revenue above Wall Street estimates on Thursday, signaling strong demand for customized chips and interconnect options utilized in synthetic intelligence data facilities, sending its shares ‌surging 11% in premarket buying and selling on Friday. Growing adoption of AI tools has boosted demand…

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