Marvell Technology (MRVL) shares climbed Monday after the company said its artificial intelligence (AI) accelerator chips (XPUs) are now better able to increase the performance of AI servers.
The company said its co-packaged optics technology boosts server performance by increasing XPU density from tens of chips within one server rack to hundreds across multiple racks. The integrated technology is now available for Marvell's clients, namely cloud hyperscalers, to develop custom XPU designs.
The news comes after Marvell posted a current-quarter revenue forecast last month that significantly exceeded Wall Street expectations. On the company’s fiscal third-quarter earnings call, Chief Executive Officer (CEO) Matt Murphy said that Marvell was on track to exceed its previous expectation that AI network and custom processor chip sales would reach $2.5 billion by fiscal 2026.
Shares of Marvell rose nearly 2% intraday Monday to $120.22, and have doubled over the past year.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。