Marvell Technology, Inc. ($MRVL) is poised to report its third-quarter earnings after the market closes today, December 3, 2024. The company has garnered attention due to a newly extended five-year partnership with Amazon Web Services ($AMZN), which is expected to bolster its performance in the semiconductor sector. Analysts anticipate Marvell's earnings per share (EPS) to be $0.41, aligning with analyst estimates, although the company previously fell short of expectations in the last quarter. The WhisperNumber community has noted a 47% beat rate for Marvell's earnings, with an implied stock price movement of approximately +/-8.5%. Additionally, Marvell's recent success is attributed to strong demand for its custom AI silicon programs, which are now in volume production, and the company has seen its stock rise over 40% since addressing concerns about competition in the AI chip market. The earnings report follows a general trend of increased interest in semiconductor stocks, especially those involved in AI technologies.