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Guess it will go up higher I think? 

Wows 👌👍👍👍

$Marvell Technology(MRVL)$  Marvel's Soaring Success: A Catalyst for Semiconductor Recovery? Marvel Technology Group's recent 20% surge has ignited renewed optimism within the semiconductor industry. The company's strong performance, driven by robust demand for AI chips and data center solutions, has raised hopes for a broader sector recovery. The AI Boom and Semiconductor Demand The rapid advancement of artificial intelligence and machine learning has fueled a surge in demand for high-performance computing chips. Companies like Marvel, which specialize in designing and manufacturing these chips, are well-positioned to benefit from this trend. Key Factors Driving Marvel's Success: Strong Product Portfolio: Marvel's diverse product portfolio,

Marvell Technology’s stock surged 10% after delivering stronger-than-expected fiscal Q3 results. The chipmaker reported an EPS of $0.43, beating Wall Street’s estimate of $0.41. Revenue reached $1.52 billion, outpacing the expected $1.46 billion. Semiconductor stocks, in general, rebounded yesterday. Let’s dive into the key factors driving this rally and explore whether Marvell can help sustain the sector's momentum. 1. What’s Driving Marvell’s Rally? AI & Data Center Growth: Demand for AI chips and cloud solutions has fueled Marvell's sales surge, especially in data center products. Supply Chain Stabilization: Improvements in supply chain issues have allowed Marvell and other chipmakers to meet rising demand. Earnings Surprise: Beating revenue and EPS estimates reassured investors, sp

As semiconductor stocks continue to rebound, I won’t be rushing in with FOMO (Fear of Missing Out). While the sector has shown impressive gains recently, with several semiconductor stocks nearing their 52-week highs, I believe the current market environment presents significant risks. In fact, I’m closely monitoring the sector's movements for signs of a potential correction. The recent surge in semiconductor stock prices has undoubtedly caught the attention of investors, as many companies in the sector have been buoyed by strong demand, technological advancements, and positive earnings reports. However, this optimism can sometimes lead to inflated valuations, creating the potential for price pullbacks. The market’s volatility, coupled with global economic uncertainties, suggests that cauti

Yes semiconductor is needed these days. Will rebound 

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I believe the trend will continue for sometime. The Marvel's 10% rise reflects the broader bullish sentiment in certain sectors like semiconductors, where companies are bouncing back after a tough period. The semiconductor industry, which faced sharp declines earlier in the year, is seeing a notable recovery. Global semiconductor sales, for example, rose by over 20% year-over-year as of August 2024, with strong growth in regions like the Americas and Asia. Despite some geopolitical challenges, the industry's rebound is supported by increasing demand from AI, cloud computing, and automotive applications​. The semiconductor sector is projected to grow by around 13.1% in 2024, showing signs of a sustainable recovery. Key players like NVIDIA, TSMC, and Broadcom are at the forefront of this mom

$Marvell Technology(MRVL)$ a leading semiconductor company, has been leveraging AI (Artificial Intelligence) technologies to drive growth and innovation across its business. Artificial intelligence played a key role in Marvell Technology's success, driving the chip maker's October quarter results beyond Wall Street's expectations. Marvell's stock surged 9% in after-hours trading to $104.66 after the Santa Clara-based company reported a 19% sequential increase in sales, reaching $1.52 billion. This exceeded analysts' consensus estimate of $1.46 billion for its fiscal third quarter. The stock has now gained 76% year-to-date. Earning Overview Quarterly Revenue For Q3 of fiscal year 2024, Marvell Technology reported revenue of $1.419 billion, reflecti