Also, Murphy added that "the metaverse also has the potential to be a killer app for 5G, another area of strength for Marvell. Multiple cloud customers have already engaged with us as they start designing the architecture of their next generation of data infrastructure to enable a significantly richer set of virtual applications and experiences."
Enterprise Networking revenue is expected to grow in the low to mid-single digits percent sequentially and approximately 60% YoY. Consumer revenue is expected to increase sequentially in the low single-digit percent and YoY in the double digits on a percentage basis. Auto/Industrial revenue is expected to grow by a double-digit percent on a sequential basis and above 100% YoY.Management also provided some incredibly bullish commentary for fiscal year 2023.
to what would be a brand new all-time high of about $83 in after-market trading at the time this was written.
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Source: CNBC - 🏆 12. / 72 Read more »