HomeTechTechnologyMRVL, AVGO: Where Semiconductor Stocks Stand In The A.I. Space

MRVL, AVGO: Where Semiconductor Stocks Stand In The A.I. Space

Marvell’s (MRVL) 3Q earnings were recently released. Its adjusted EPS came in at $0.41 versus an estimated $0.40 and revenue came in at $1.42B versus an estimated $1.40B. MRVL’s exposure to telecom, data center storage and auto means the revenue from A.I. is diluted, notes Kim Forrest. She and Daniel Eye discuss the takeaways from these earnings and the outlook for MRVL. Eye notes MRVL has an impressive client list that includes MSFT, GOOGL, NVDA, and AMZN. They go over where MRVL stands in the semiconductor market. They also highlight Broadcom (AVGO). Eye mentions that AVGO will be a major player in the A.I. space where we expect revenue to double next year. Tune in to find out more about the stock market today.

Trading 360

01 Dec 2023

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