Marvell Technology shares surge after earnings beat. Here's how to play it

Market Movers rounded up the best reactions from investors and analysts on Marvell Technology . The chipmaker's stock hit a new 52-week high Friday. A day earlier, Marvell posted beats on the top and bottom lines in its latest quarterly report.

On a conference call with analysts, CEO Matt Murphy said artificial intelligence is a "key growth driver," and the semiconductor company is now reassessing how it looks at the "tremendous" business potential of AI. Marvell shares gained 32.4% Friday.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Stocks making the biggest moves after hours: Gap, Marvell Technology, RH, Ulta and moreThese are the stocks posting the largest moves in after-hour trading.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Stocks making the biggest moves premarket: Marvell Technology, Gap, RH & moreThese are the stocks posting the largest moves in early trading.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Marvell shares rocket 25% on beat and 'tremendous' business potential for A.I.Shares of Marvell Technology surged about 25% off the back of quarterly earnings results.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »