Marvell (MRVL) Surges On Earnings & A.I. Excitement

Marvell (MRVL) surges over 27% after earnings. Alex Coffey and Renita Young discuss MRVL as its earnings were released yesterday, May 25th, postmarket. Its adjusted EPS came in at $0.31 versus an estimated $0.29 and its revenue came in at $1.32B versus an estimated $1.30B. They talk about how MRVL is expecting sales of its AI products to double. They then go over how Keybanc and Barclays have an overweight rating and Deutsche Bank and Citigroup have a buy rating on the stock. Alex then demonstrates an example trade using MRVL. The trade type is buy a call vertical and the direction is bullish. Tune in to find out more about the stock market today.

Next Gen Investing

26 May 2023

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