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1) $MRVL +2.2% today despite SOX -5.3%, after rising 5% yesterday. Also $AAPL might've closed ATH if not for mkt. More on AAPL later. Nice WSJ article on AWS signing 5Y deal with Databricks to use $AMZN Trainium (i.e. $MRVL) for "businesses seeking ... https://t.co/wOoPEV4qZm https://t.co/LLxRr29ZfM
1) $MRVL +2.2% today despite SOX -5.3%, after rising 5% yesterday. Also $AAPL might've close ATH if not for market. More on AAPL later. Nice WSJ article on AWS signing 5Y deal with Databricks to use $AMZN Trainium (i.e. $MRVL) for "businesses seeking ... https://t.co/wOoPEV3T9O https://t.co/BIptMge6hh https://t.co/0rQ9So4ZCs
$MRVL CEO buys 1M of stock- timing a bit odd given was much lower many times recently; $AMZN also inked a 5 yr Trainium supply deal with Databricks; stock had been weak recently on usual comp chatter from AIchip on merch silicon and $AVGO, $NVDA on DSP
Marvell Technology, Inc. ($MRVL) is expected to report stronger quarterly results for FQ4, driven by increased sales in AI and ASIC products, according to insights from a recent roadshow with Citi. The company is positioned to benefit from new custom ASIC programs with major clients including OpenAI and Oracle, with three hyperscale customers ramping up production over the next few years. Following a recent insider purchase of 1 million shares by its CEO, Marvell's stock rose by 5.7% after a previous increase of 5%, even as the semiconductor sector index (SOX) fell by 5.3%. Additionally, Amazon ($AMZN) has signed a five-year supply agreement with Databricks for its Trainium chips, which are expected to utilize Marvell's technology. Despite recent market pressures, Marvell's performance remains robust, reflecting strong demand in the AI sector.