|Day's range||0.6100 - 0.9600|
With the Nasdaq now up more than 2.5% in the last five days, Wood argues there are going to be other winners in the AI space outside of Nvidia.
AI hype is in full bloom in the US stock market. And the biggest names in the market are doing the heavy lifting pushing stocks higher.
The Spear Alpha ETF (SPRX) topped the list of the best-performing U.S. equity ETFs in May, gaining 28.3%. The rally was driven by the hype surrounding artificial intelligence (AI) and investors' flight to mega-cap tech stocks.
When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, you can make far...
Investors will have eyes on Friday's jobs report and what's next in the artificial intelligence led rally in stocks.
The Yahoo Finance Live team checks out chip stocks, including Marvell Technology and Nvidia stock movements amid both companies reporting strong earnings driven by AI.
Following in the footsteps of Nvidia (NASDAQ: NVDA), which soared yesterday, Marvell Technology (NASDAQ: MRVL) is off to the races Friday afternoon -- up 28.6% through 1:05 p.m. ET. Actually, that's an even better performance than the 24.4% gain that Nvidia shareholders enjoyed yesterday! In fact, Marvell earned $0.31 per share, and sales were $1.32 billion.
(Bloomberg) -- With the artificial-intelligence hype sweeping across Wall Street, a massive inflow turned a popular ETF tracking chipmakers into the largest of its category.Most Read from BloombergPutin Orders Tighter Defenses After Drone Strikes on MoscowWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesTaiwan Rushes to Prevent China From Cutting Internet, PhonesStock Rally Hits a Wall After AI-Driven Euphoria: Markets WrapNvidia Touches $1 Trillion Mark After Beating Rivals
This may feel like irrational exuberance, but Texas Instruments, Taiwan Semiconductor, and Qualcomm each have roles to play in AI.
(Bloomberg) -- Marvell Technology Inc. surged as much as 28% — the biggest intraday increase since October 2001 — after the chipmaker said it expects revenue from artificial intelligence to soar this year.Most Read from BloombergPutin Orders Tighter Defenses After Drone Strikes on MoscowWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesTaiwan Rushes to Prevent China From Cutting Internet, PhonesStock Rally Hits a Wall After AI-Driven Euphoria: Markets WrapNvidia Touches $1 Tri
Yahoo Finance Live discusses a rise in shares of Marvell Technology as the company cites AI as a 'key growth driver'.
Marvell's (MRVL) fiscal first-quarter performance reflects solid demand for its chip in the enterprise networking, carrier infrastructure and automotive end markets.
According to the average brokerage recommendation (ABR), one should invest in Marvell (MRVL). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
Investing.com -- Stocks are surging on Friday as investor optimism rose about lawmakers reaching an agreement on the debt ceiling in the next few days. Here are the market movers for May 26.
After a big jump on Thursday, the Nasdaq Composite (NASDAQINDEX: ^IXIC) appeared likely to rise again Friday morning, with index futures rising nearly half a percent in premarket trading. Indeed, a pair of Nasdaq-listed artificial intelligence (AI) stocks played an instrumental role in keeping the rally going. Both Marvell Technology (NASDAQ: MRVL) and Workday (NASDAQ: WDAY) posted solid gains after releasing their latest financial results, and both companies mentioned artificial intelligence as a key driver in their future prospects.
The latest investor updates on stocks that are trending on Friday.
U.S. stocks are rising as investors await the outcome of debt ceiling negotiations. At 10:50 ET (14:50 GMT), the Dow Jones Industrial Average was up 332 points or 1%, while the S&P 500 was up 1.1% and the NASDAQ Composite was up 1.6%. Lawmakers appear close to announcing a framework for an agreement, though the debt ceiling deadline of early June is still looming as Congress takes a break for the Memorial Day weekend.
Investing.com -- Stocks in focus in premarket trade on Friday, May 26th. Please refresh for updates.
Investing.com - Marvell Technology (NASDAQ:MRVL) shares surged as much as 16% in pre-market Friday after the chipmaker reported better-than-expected first-quarter results and offered encouraging revenue guidance for the current quarter as artificial intelligence (AI) emerges as a key growth driver.
Joining me today are Matt Murphy, Marvell's president and CEO; and Willem Meintjes, our CFO. Rather than dual-socket servers as the core element in the rack, the primary building block in AI is a system containing multiple accelerators, such as GPUs.
We'll likely continue to plod along in-range as the remainder of earnings season plays out.
Although the revenue and EPS for Marvell (MRVL) give a sense of how its business performed in the quarter ended April 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Marvell (MRVL) delivered earnings and revenue surprises of 6.90% and 1.60%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?