Marvell Technology Hits Record High Amid Amazon Deal and AI Surge
Marvell Technology’s shares surged to a record high on Wednesday, reaching $118 as the company surpassed a market capitalization of $100 billion for the first time. The semiconductor firm’s strong earnings report and expansion with Amazon on cloud software and hardware were key drivers of the surge. Marvell’s third-quarter revenue of $1.52 billion exceeded analyst … Read more