News

A stronger forecast comes with one important valuation catch

Strong forecasts were not enough as investors focused on when Google revenue will really arrive.

Stocks are off to a mixed start as all eyes turn toward Jackson Hole, where Kevin Warsh is set to give his first keynote speech as chairman of the Federal Reserve.

Marvell raises fiscal 2027 revenue outlook to about $12B as AI data center growth accelerates across interconnect, switching and custom silicon.

On this episode of Stock Movers: - PayPal (PYPL) shares are declining after a consortium of Advent and Stripe has decided to abandon its pursuit of PayPal, according to people familiar with the matter. - Marvell Technology (MRVL) shares are lower following its second-quarter fiscal 2027 earnings report, despite edging past Wall Street expectations on both profit and revenue. - Gap (GAP) shares are soaring after the apparel retailer raised both its adjusted earnings per share and adjusted gross margin outlooks for the full year. The company also announced Michael Francis as the newest CEO of Old Navy, which posted a worse-than-feared comparable sales decline in the quarter.

Futures wavered while Treasury yields rose before Fed chief Kevin Warsh's Jackson Hole speech. Marvell, Affirm, PayPal are big movers.

Marvell just posted record Data Center numbers and raised its outlook, yet the stock is getting crushed in early trading. The culprit is a massive Google AI deal that Wall Street wanted years sooner than management is promising to deliver it.

(Updates with the latest stock move in the first paragraph and details on the Google deal in the fif

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.1% and the actively trad

Marvell CEO Matt Murphy said Marvell’s custom revenue could be “a lot larger” than Wall Street is currently modeling, particularly from fiscal 2029 onward.

Marvell stock was falling Friday but its earnings and Nvidia's report suggest the AI trade has plenty of momentum.

Marvell Stock Tumbles Despite Higher Forecasts as Google Deal Concerns Mount

Every quarter, one semiconductor company keeps outgrowing its own guidance while quietly locking in partnerships that look less like vendor contracts and more like infrastructure ownership. Here is why the buy button stays warm.

Marvell drops after so-so earnings fail to wow investors, while PayPal slumps after a report says its takeover may be off.

Custom chip company Marvell Technology Inc. (NASDAQ: MRVL)’s shares dipped by as much as 8% in pre market trading after the firm reported its fiscal second quarter earnings report on August 27th. The second quarter financials were a solid bunch as the firm posted $2.74 billion in revenue and $0.94 in earnings per share to […]

Jim Cramer praises Marvell's quarter but warns Marvell stock and data center names face profit-taking after huge rallies.

Hock Tan engineered a semiconductor company that profits whether hyperscalers bet on GPUs or custom silicon, and the demand already booked stretches years into the future. Here is why that structure keeps pulling me back to the buy button.

Investing.com -- U.S. stock futures slipped slightly Friday morning as investors sifted through a wave of corporate earnings while awaiting remarks from Federal Reserve Chairman Kevin Warsh.

Marvell Technology (NASDAQ:MRVL) shares fell 7. 9% in pre-market trading after the chipmaker reported fiscal second-quarter results that exceeded revenue and earnings expectations and raised its full-year outlook.

Over the past 12 months, the State Street SPDR S&P Biotech ETF is up around 85% versus roughly 20% for the S&P 500. Last week added an exclamation point: Moderna more than doubled in a single session after its mRNA cancer vaccine, developed with Merck, cleared a late-stage melanoma trial. For decades, U.S. and other Western companies enjoyed something close to a monopoly on cutting-edge science.

↘️ Marvell Technology (MRVL): The semiconductor company reported higher revenue and earnings and lifted its guidance for the current and upcoming fiscal years. Still, shares sank premarket, in the latest example of the high expectations that investors have for companies tied to the AI boom.

Retail sentiment on Stocktwits improved to ‘bullish’ on SPY and ‘neutral’ on QQQ.

Google-related revenue is expected to become a much bigger contributor for Marvell in fiscal 2029, the chipmaker said.

U.S. stock futures were mixed and Treasury yields rose slightly as investors awaited Warsh’s first appearance at the Jackson Hole symposium.

U.S. stock futures were mixed and Treasury yields rose slightly as investors awaited Warsh’s first appearance at the Jackson Hole symposium.

Stock futures were sliding on Friday, signaling that a recent tech rebound was running out of steam ahead of Federal Reserve Chairman Kevin Warsh’s keynote address at the Jackson Hole Economic Symposium. Nasdaq 100 futures dropped 0.4%. Dow Jones Industrial Average futures added 95 points, or 0.2%.

All eyes turned to the Federal Reserve's Jackson Hole Symposium, where Fed Chairman Kevin Warsh is scheduled to speak.

Marvell raises fiscal 2027 and 2028 revenue targets to $12 billion and $18 billion, fueled by data center demand and a game-changing hyperscaler agreement.

A number of stocks jumped in the afternoon session after Nvidia reported blowout quarterly earnings and issued an upbeat revenue forecast, easing investor fears of a slowdown in artificial intelligence infrastructure spending. Shares across the semiconductor industry surged following the chipmaker's strong second-quarter beats on both revenue and profit, alongside an upbeat revenue outlook for the upcoming third quarter. Peer chipmakers and hardware suppliers, including Broadcom, Micron Technolo