Marvell projects strong fiscal 2028 revenue on AI-driven data center boom, shares jump
By Jaspreet Singh March 5 (Reuters) – Marvell Technology (MRVL) forecast fiscal 2028 revenue above Wall Street estimates on Thursday, signaling robust demand for custom chips and interconnect solutions used in artificial intelligence data centers, sending its shares surging 11% in premarket trading on Friday. Growing adoption of AI tools has boosted demand for specialized … Read more