AMD

NVIDIA Corporation NVDA continues to raise the bar for AI-driven growth. Its second-quarter fiscal 2027 results showed triple-digit revenue and earnings growth, while strong third-quarter guidance points to another record quarter. Demand for AI infrastructure remains robust across hyperscalers, enterprises, AI startups and sovereign customers. With new products expanding its opportunity, NVDA stock appears well-positioned for further gains despite supply constraints. NVIDIA delivered another exceptional quarter, with second-quarter revenues jumping 106% year over year and 18% sequentially to $96.22 billion. Data Center revenues were particularly impressive, rising 117% year over year and 18% sequentially to $89.02 billion. The business benefited from continued strength in Blackwell and accelerating demand from both hyperscalers and its broader AI customer base. Profitability also remained impressive. Non-GAAP gross margin increased to 75% from 72.5% a year earlier, while non-GAAP operating income surged 124% to $63.96 billion. Non-GAAP net income jumped 118% to $53.95 billion, and non-GAAP earnings per share increased 120% to $2.22. NVIDIA Corporation price-consensus-eps-surprise-chart | NVIDIA Corporation Quote In the second quarter, the company generated operating cash flow of $24.08 billion and free cash flow of $21.34 billion. This gives NVIDIA ample flexibility to invest in growth while returning capital to shareholders. It returned approximately $25.78 billion to shareholders through repurchases and dividends during the second quarter. NVIDIA expects third-quarter revenues of $108 billion, plus or minus 2%, implying another sequential increase. The company expects non-GAAP gross margin of 74%, plus or minus 50 basis points. This outlook does not include any Data Center compute revenues from China, suggesting that current expectations are not dependent on a recovery in that market. The outlook is supported by continued Blackwell demand and the rapid rollout of Vera Rubin. NVIDIA began production shipments of Vera Rubin in August, with major hyperscalers and AI infrastructure providers already adopting the platform. The company expects Vera Rubin to account for about 20% of Data Center revenues in the third quarter. NVIDIA's opportunity extends well beyond selling graphics processing units. Its full-stack AI platform includes central processing units, networking, software and complete AI factory systems. The company forecasts that its revenue opportunity per gigawatt has expanded from about $18 billion with Hopper to $25 billion with Blackwell and $40 billion with Vera Rubin. This rising value per deployed gigawatt gives NVIDIA another avenue for growth as AI infrastructure expands. The customer base is also becoming more diversified. Hyperscale revenues surged 117% year over year to $48.71 billion in the second quarter, while ACIE revenues — covering AI clouds, industrial and enterprise customers — jumped 138% to $40.31 billion. Amazon Web Services also announced plans to deploy an additional 2 million NVIDIA GPUs through the second quarter of fiscal 2029, highlighting sustained demand from major cloud providers. NVIDIA expects fiscal 2028 revenues to grow approximately 70%. The company noted that revenue growth expectations for fiscal 2028 are a supply-constrained outlook, meaning demand could be even stronger if more capacity were available. NVIDIA is also investing heavily to secure that supply. Supplier commitments rose to $279 billion at the end of the second quarter, primarily related to memory procurement. The company is further expanding its ecosystem through AI cloud partnerships, financing initiatives and strategic investments. The Zacks Consensus Estimate for NVIDIA’s fiscal 2027 and 2028 revenues indicates year-over-year growth of 85.4% and 2.2%, respectively. The consensus mark for earnings calls for a year-over-year increase of 93.3% for fiscal 2027 and 60% for fiscal 2028. Analysts are also becoming optimistic about the company’s long-term prospects as reflected in their upward earnings estimate revisions over the past seven days. Image Source: Zacks Investment Research Despite its leadership position in the AI chip space, NVIDIA stock has delivered relatively modest gains this year. Shares have rallied 26.7% over the past year, lagging the broader Zacks Computer and Technology sector’s 30.2% rise. The stock has also significantly underperformed several semiconductor peers, including Intel Corporation INTC, Marvell Technology, Inc. MRVL and Advanced Micro Devices, Inc. AMD. Year to date, shares of Intel, Marvell Technology and Advanced Micro Devices have surged 267.9%, 237% and 189.1%, respectively. Image Source: Zacks Investment Research Nonetheless, the positive side of this underperformance is that NVDA stock trades at a discount to the sector’s average. The stock currently trades at a forward 12-month price-to-earnings (P/E) multiple of 17.75. This is below the sector average of 20.76. For a company delivering triple-digit revenue and earnings growth, this valuation gap makes the stock particularly interesting. Image Source: Zacks Investment Research NVIDIA’s valuation is also significantly lower than that of semiconductor peers such as Advanced Micro Devices, Marvell Technology and Intel. At present, Advanced Micro Devices, Marvell Technology and Intel trade at forward 12-month multiples of 38.56, 40.02 and 50.07, respectively. A lower valuation multiple is notable because NVIDIA arguably possesses stronger growth prospects, higher profitability and a more dominant competitive position than many of its rivals. This suggests that investors are not paying an excessive premium for the company’s future earnings potential. If NVIDIA continues delivering strong financial results, the current valuation could leave room for additional upside over the long term. The combination of explosive Data Center growth, strong third-quarter guidance, the Vera Rubin product cycle, rising AI infrastructure spending and expanding customer diversity provides a compelling long-term investment case. NVIDIA's supply constraint is a risk, but it is largely tied to the same powerful AI demand driving growth. With NVDA trading below the broader tech sector's average forward P/E despite its superior growth profile, the stock looks worthy of consideration for investors seeking long-term exposure to the AI infrastructure boom. NVIDIA currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Marvell Technology, Inc. (MRVL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Credo Technology Group Holding Ltd.? Here are five stocks we like better. Record growth continued: Credo reported fiscal Q1 2027 revenue of $479 million, up 115% year over year, with non-GAAP net income more than doubling to $236.3 million. Management expects Q2 revenue of $525 million to $535 million and more than 85% full-year revenue growth. Optics is becoming a major growth engine: Credo reiterated its forecast for more than $600 million in optical revenue during fiscal 2027, supported by optical DSPs, silicon photonics products acquired through DustPhotonics, and ZeroFlap Optics. Investment and concentration remain key considerations: Operating expenses are expected to rise about 55% this year as Credo funds product development, while four customers accounted for 84% of first-quarter revenue despite ongoing efforts to diversify its customer base. AMD’s Helios Launch Could Create Winners Beyond AMD Stock Credo Technology Group (NASDAQ:CRDO) reported record fiscal first-quarter 2027 revenue of $479 million, up 10% sequentially and 115% from a year earlier, as demand for AI infrastructure connectivity products continued to expand. Chief Executive Officer Bill Brennan said the company’s growth has been supported by rising AI cluster sizes, faster data rates and increasing requirements for reliable, power-efficient connectivity. Credo recorded its seventh consecutive quarter of triple-digit year-over-year revenue growth, according to management. → OneMain’s Yield Comes With a Catch 5 AI Stocks Are Pulling Back—Which Growth Catalysts Still Look Strongest? “AECs continue to grow. Optics is growing faster,” Brennan said, referring to active electrical cables and the company’s expanding optical portfolio. Chief Financial Officer Dan Fleming said non-GAAP gross margin was 68% in the first quarter, while non-GAAP operating income totaled $230.6 million and non-GAAP operating margin was 48.2%. → Apple’s Foldable iPhone Could Be a Catalyst, But Not a Cure-All 3 Quiet AI Revenue Accelerators With Sales Growth Outpacing Peers Non-GAAP net income reached a record $236.3 million, up 4% sequentially and more than doubling from the prior-year period. Non-GAAP net margin was 49.3%. Cash flow from operations was $90.2 million, while capital expenditures were $7.3 million, resulting in free cash flow of $82.9 million. The company ended the quarter with $764.3 million in cash and equivalents, down $679 million from the prior quarter primarily because of the cash outlay for its DustPhotonics acquisition. Ending inventory rose $62.2 million sequentially to $313.1 million. → Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally For the fiscal second quarter, Credo forecast: Revenue of $525 million to $535 million. Non-GAAP gross margin of 67% to 69%. Non-GAAP operating expenses of $100 million to $105 million. Diluted weighted-average share count of about 200 million shares. Fleming said the outlook is based on the current tariff regime, which he described as fluid. For fiscal 2027, the company continues to expect more than 85% year-over-year total revenue growth, non-GAAP gross margin broadly in line with fiscal 2026 levels, and non-GAAP net margin near 50%. Management reiterated its expectation for more than $600 million in optical revenue during fiscal 2027. The company expects its optical digital signal processors, silicon photonics PICs and ZeroFlap Optics offerings to each contribute more than $100 million during the year. Credo’s optical DSP business generated record first-quarter revenue, including deployments of 50G- and 100G-per-lane products. Brennan said the company expects initial 1.6T DSP revenue later in fiscal 2027 and sees a continuing market for 800G ports during the transition to higher speeds. The company also recognized its first silicon photonics PIC revenue following the DustPhotonics acquisition. Initial wins are in 800G and 1.6T optical transceivers, with products expected to ramp through the year. Brennan said the first two major DustPhotonics-related design wins do not include Credo DSPs, leaving potential for combined DSP and PIC sales over time. Credo is also pursuing near-package optics, or NPO, for scale-up networks, where management expects denser form factors will be needed. The company joined an Open Compute Project MSA consortium and expects confirmed NPO design wins to begin ramping in fiscal 2028. Brennan said Credo plans to lead with silicon photonics PICs in NPO-related opportunities while also considering complete optical-engine offerings over the longer term. Production shipments of ZeroFlap Optics are underway, with additional customer ramps expected in fiscal 2027 across 800G and 1.6T products for hyperscalers and neo clouds. The offering combines optical hardware, Credo’s PILOT software platform and switch-level software development kit integration to monitor link health and identify potential instability. Brennan said the system is designed to identify deteriorating link conditions before a failure occurs, allowing customers to mitigate issues. He said telemetry can track measures including eye height, signal-to-noise ratio and post-forward-error-correction histograms, and can also help identify potential electrostatic-discharge damage or dust-related fiber issues. Active electrical cables remained Credo’s largest business and continued to grow, supported by relationships with five hyperscalers and expanding neo cloud engagement. The company expects higher data rates, including a move toward 200G per lane and 1.6T ports, to provide another growth driver. Brennan said AEC contributions at 1.6T should begin in the second half of fiscal 2027 and become more significant in fiscal 2028. Retimer revenue also reached a record in the first quarter, driven primarily by scale-up deployments of the Screaming Eagle product at 100G per lane and initial contributions from Blue Heron at 200G per lane. Looking further ahead, Credo plans to demonstrate Active LED Cable solutions at OFC in October and remains on track for initial revenue in fiscal 2028. The company also expects OmniConnect SerDes and Weaver Gearbox solutions, aimed at memory bandwidth and capacity constraints in AI inference systems, to begin contributing revenue in fiscal 2028. Credo’s four largest customers represented 33%, 28%, 13% and 10% of first-quarter revenue, respectively, Fleming said. Management expects three to four customers to account for more than 10% of revenue in coming quarters while continuing to diversify across hyperscalers, neo clouds and other customers. First-quarter non-GAAP operating expenses rose 16% sequentially to $95.2 million, exceeding the company’s guidance range because of research-and-development investment. For the full fiscal year, Credo expects operating expenses to rise about 55% year over year, below its anticipated revenue growth rate, as it funds new product development and broader market opportunities. Credo Technology Group, Inc (NASDAQ: CRDO) is a fabless semiconductor company that develops high‑speed connectivity solutions for cloud, enterprise and telecommunications infrastructure. The company focuses on semiconductors and related IP that enable reliable, low‑latency movement of large volumes of data between servers, switches and optical modules in data centers and network equipment. Credo's product portfolio centers on high‑speed analog and mixed‑signal devices designed to preserve signal integrity and extend reach over copper and optical links. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Credo Technology Group Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for September 2026.

The programs the deal covers in the near term were already inside the targets management had published, and it is connectivity rather than custom silicon that management points to for the raise that did arrive. Marvell Technology (MRVL) reported a record quarter, raised its revenue outlook for fiscal 2027 (by about $500 million) and fiscal 2028, and lost 10.3% of its value in the first session after the report. Coverage of the session named two drivers: softer-than-hoped fiscal 2028 guidance despite the raise, and the timing of an expanded commercial agreement and warrant with a key hyperscaler. The second turns on when that money arrives rather than whether it does. The Warrant Is Already Inside The Targets Through Fiscal 2028 Revenue of $2.74 billion beat the consensus estimate of $2.71 billion, and adjusted earnings of $0.94 a share cleared consensus too. AVGO, NVDA and AMD fell between 0.7% and 4.6% over the same span, so most of the selling was Marvell's own. The agreement covers inference accelerators, storage controllers and network interface controllers attached to the TPU ecosystem, and an analyst on the call sized it at roughly $120 billion of cumulative revenue over six years if every milestone is hit, about $18.5 billion a year annualized, from that one customer's custom-attach programs alone. The guidance does not carry that pace: the same analyst put custom at around $5 billion to $6 billion in calendar 2027. Management's answer: the programs the agreement covers through fiscal 2028 are already inside the custom revenue target the company had published earlier, and the meaningful contribution starts in fiscal 2029. Connectivity, More Than Custom, Paid For The Fiscal 2028 Raise Fiscal 2028 revenue is now guided to roughly $18 billion, up $1.5 billion from the $16.5 billion outlook given one quarter earlier. Custom silicon is part of that, but management calls connectivity the bigger bucket and probably the largest driver, pointing to scale-up optics and switching rather than at the programs the warrant covers. Both sit inside one end market: data center revenue made up 79% of the total, and the company's own risk disclosures flag a rising dependence on a few customers. Concentration of that kind is a different proposition from the Trefis High Quality Portfolio, which does not depend on the handful of largest technology names to produce its returns. The Custom Ramp Reaches Gross Margin First Non-GAAP gross margin was 58.9% in fiscal Q2 2027, and the fiscal Q3 2027 guidance midpoint is 58.0%, a 90 basis point step down that management attributes to the forecast acceleration of its custom business. The CFO's preliminary view is that fiscal 2028 gross margin sits in the same band as the back half of fiscal 2027. The lower-margin part arrives first, though management guides operating margin into its 38% to 40% target range exiting fiscal 2027. October Is Where Fiscal 2029 Gets Its Number Management's fiscal 2029 custom target of more than $10 billion is not a new number: management said it had flagged the figure as far back as its last call and as early as June 2025, after having put custom revenue at $8 billion to $10 billion in April 2024. Management says the warrant biases that target higher but has declined to size the increase before the October 6 investor day. Until then, the case for owning Marvell rests on connectivity execution that is already inside the guide, not on a warrant increment nobody has put a number on. Options currently price Marvell's implied volatility near 60%, in the 56th percentile of its trailing one-year range, a middling reading for how much movement the market is pricing over a year. A Bet On One Build Cycle Is Still One Bet Marvell's story from here turns on how fast a handful of hyperscaler programs move from design to volume, a schedule set by its customers. Investors who would rather hold a rules-based system than a single build cycle can start with the Trefis High Quality Portfolio. That portfolio has a track record of outpacing the three major indices - the S&P 500, S&P Mid-cap, and Russell 2000.

Broadcom AVGO) is scheduled to report results for its fiscal third quarter after-market hours on Wednesday, September 2, with Wall Street looking for another quarter of exceptional growth. This comes as custom AI accelerators, networking chips, and its VMware integration continue to drive the company's expansion. Broadcom has already set a high bar by forecasting another major acceleration in AI semiconductor revenue, although AVGO shares are up a modest 7% year to date but have posted impressive gains of more than 125% in the last two years. Image Source: Zacks Investment Research The Zacks Consensus Estimate calls for Broadcom to post Q3 earnings of $3.22 per share, representing a remarkable 90% increase from EPS of $1.69 in the year-ago period. Quarterly revenue is projected at $29.47 billion, up nearly 85% from $15.95 billion in the prior-year quarter. Wall Street's sales forecast is still in line with management's guidance for roughly $29.4 billion in Q3 revenue, with Broadcom expecting adjusted EBITDA to equal approximately 68% of revenue, underscoring the company's tremendous profitability despite its rapid expansion. The expectations follow a record second quarter in which revenue climbed 48% to $22.18 billion, while adjusted EPS reached $2.44. Broadcom also generated an impressive $10.26 billion in free cash flow, or 46% of quarterly revenue. Notably, Broadcom has exceeded earnings expectations for 21 consecutive quarters with an average EPS surprise of 2.19% in its last four quarterly reports. Image Source: Zacks Investment Research More important than the headline numbers will be Broadcom's AI semiconductor business. After Q2 AI semiconductor revenue soared 143% to $10.8 billion, management expects the figure to reach approximately $16 billion in Q3, representing more than 200% YoY growth. That would also mark a nearly 50% sequential increase in just one quarter. Much of this growth is being fueled by Broadcom's custom AI accelerators, or X Application-Specific Purpose Units (XPUs), and its Ethernet networking portfolio, which allow hyperscalers to build increasingly large AI computing clusters. Broadcom's expanding list of partners is particularly noteworthy. The company has a multi-year partnership with Meta Platforms META) to support Meta’s MTIA custom AI chips, including a next-generation 2-nanometer accelerator. Broadcom is also working closely with OpenAI on custom AI accelerators, including a planned 10-gigawatt deployment and the recently unveiled Jalapeño Intelligence Processor. Furthermore, Broadcom has AI engagements with Alphabet's Google GOOGL) and Anthropic, giving it exposure to several of the world's largest AI infrastructure spenders. Broadcom's growth story extends beyond AI chips. VMware, which Broadcom acquired in 2023, provides virtualization and private-cloud software that allows enterprises to efficiently run and manage applications and computing workloads across their own data-center infrastructure. VMware Cloud Foundation (VCF) is increasingly being positioned as a platform for running traditional applications alongside newer AI workloads and is providing a nice boost to Broadcom’s software revenue. To that point, Broadcom's Infrastructure Software revenue rose 9% YoY to $7.2 billion in Q2, while annual recurring revenue (ARR) increased 17%. Management expects a sharp acceleration in Q3, forecasting Infrastructure Software revenue to increase 31% to $8.9 billion. Broadcom cited particularly strong adoption of VMware Cloud Foundation 9.1, which enables enterprises to run AI inference and Kubernetes, which is a central platform for orchestrating containerized applications and traditional virtualized workloads across Nvidia NVDA), AMD AMD) and Intel INTC) computing platforms. That makes VMware an important complement to Broadcom's booming semiconductor business, adding a recurring, high-margin software revenue stream while also giving the company another way to benefit from growing enterprise AI infrastructure spending. Broadcom occupies an increasingly important position in the AI chip market, but competition remains fierce. Nvidia remains the dominant supplier of general-purpose AI accelerators and is also pushing aggressively into the networking market. Meanwhile, Marvell Technology MRVL) competes directly with Broadcom in custom AI silicon and high-speed data-center connectivity. Broadcom's advantage is that hyperscalers increasingly want customized chips optimized for their own AI workloads, rather than relying exclusively on more expensive general-purpose GPUs. Broadcom doesn't necessarily have to displace Nvidia for its AI business to thrive, as it can capture a growing portion of the enormous AI infrastructure market alongside Nvidia. Broadcom’s outlook remains encouraging, with Zacks projections calling for the chip giant’s annual earnings to increase 72% this year to $11.74 per share versus EPS of $6.82 in fiscal 2025. Plus, FY27 EPS is projected to spike another 63% to $19.10. This comes as Broadcom’s top line is expected to expand over 65% in FY26 and FY27, with next year's sales projections heading north of $175 billion. Image Source: Zacks Investment Research Broadcom enters Wednesday's report with extremely high expectations, but its fundamentals continue to justify much of that optimism. AI semiconductor revenue is projected to exceed $16 billion in Q3 alone, VMware is strengthening the company's recurring software business, and partnerships with Meta, OpenAI, and other hyperscalers provide significant visibility into future AI infrastructure spending. That said, there is certainly execution risk when revenue and earnings are expected to rise at such extraordinary rates, making Broadcom's Q4 outlook especially important. Nevertheless, its expanding custom AI accelerator business and leadership in next-generation networking make Broadcom stock one of the most compelling ways to gain exposure to AI infrastructure growth. With AVGO trading at a reasonable 31X forward earnings multiple, Broadcom stock currently sports a Zacks Rank #2 (Buy), as EPS revisions for FY26 and FY27 are still sharply higher in the last 90 days. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Broadcom Inc. (AVGO) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Marvell Technology, Inc. (MRVL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

MRVL dropped 8% despite beating estimates and raising its FY2028 revenue target to $18 billion after management pushed the Google AI payoff to fiscal 2029. NVDA barely moved and INTC slipped 2%, confirming the market treats the selloff as a Marvell-specific timing reset rather than a broad AI infrastructure de-rating. GOOGL holds a warrant for up to 7% of MRVL shares tied to revenue milestones, with Investor Day on October 6 the next catalyst to quantify the upside. Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now. A beat-and-raise report from Marvell hit the wires after Thursday's close, yet Friday's early trading told a very different story. Marvell Technology (NASDAQ:MRVL) stock is down 7% to $225 in early Friday trading, giving back a chunk of a huge recent run despite a record Data Center quarter and a bigger long-term revenue outlook. The catalyst comes down to timing. Marvell disclosed an expanded custom silicon agreement with Alphabet's (NASDAQ:GOOGL) Google that could scale into a franchise-defining opportunity. Management pushed the big financial impact out to fiscal 2029, later than the market was positioned for. The iShares Semiconductor ETF (NASDAQ:SOXX) is down 1% to $520.70 in early trading. The broader tech tape is down 0.1% to $720.42, essentially unmoved by comparison. That gap suggests the selloff is a Marvell-specific reset rather than a broad semiconductor unwind. Marvell reported fiscal second quarter 2027 revenue of $2.739 billion, up 37% year over year, with non-GAAP earnings of $0.94 per share. Both figures topped Wall Street expectations, positioning the release as one of the cleaner AI infrastructure reports of the season. Marvell's Data Center revenue reached a record $2.17 billion, up 46% year over year, and represented 79% of total revenue. Q3 FY2027 Data Center growth is guided at 75% year over year, reinforcing the mix shift toward AI infrastructure customers. Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now. Marvell raised its fiscal 2027 revenue outlook to about $12 billion from a previous $11.5 billion, and its fiscal 2028 target to about $18 billion from $16.5 billion. CEO Matt Murphy stated that "AI-related bookings remain exceptionally robust, and we expect our revenue growth to accelerate further through the remainder of fiscal 2027." The expanded Google agreement covers custom AI inference accelerators, storage controllers, network interface controllers, memory interface controllers, and near-memory compute, all attached to the TPU ecosystem. A warrant allows Google to acquire up to 7% of Marvell's shares, tied to revenue milestones. An analyst on the call framed the program as roughly $120 billion in cumulative revenue over six years, and management called the assessment directionally valid. The issue for Marvell shares is that management said the big impact would arrive "in 29 and beyond," with most of the near-term contribution already reflected in existing guidance. Marvell also guided Q3 non-GAAP gross margin to 57.5% to 58.5%, a sequential decline of about 90 basis points at the midpoint, attributed to a growing contribution from custom AI silicon that carries lower margins than the company's standard products. That combination, back-loaded revenue paired with front-loaded margin compression, is exactly the mix that trims a stretched multiple. For Marvell stock trading at a rich forward valuation, pushing the payoff two fiscal years out gives active managers a reason to trim into strength and revisit closer to the Investor Day setup. Meanwhile, NVIDIA (NASDAQ:NVDA) stock is down 0.2% to $227.63, barely budging after its own AI results already set the tone earlier in the week. Intel (NASDAQ:INTC) stock is down 2% to $90.34, slipping in sympathy without a fresh company catalyst of its own. The narrow spread across peers confirms the market is treating Marvell's move as an idiosyncratic reset around timing and mix rather than a broader AI infrastructure de-rating. Google's role as counterparty introduces a potential dilution mechanic for Marvell if milestones are hit, though the exposure is a long-tailed structural feature rather than an immediate overhang. Google's own AI infrastructure buildout is the underlying demand engine that made the agreement valuable in the first place, which is why the strategic read is more constructive than the tape suggests. The next scheduled catalyst is Marvell's Investor Day on October 6, 2026 in New York City, where management plans to detail the fiscal 2029 custom-revenue trajectory, ranges for the Google-related agreement, and a refreshed long-term operating model. A quantified upside case for the warrant could reframe the story as a near-term revenue accelerator, and the absence of one could deepen the reset. Traders can watch for whether MRVL stock holds key support after Thursday's close. Marvell shares were up 185% year to date through the prior session, so today's giveback still leaves a stretched setup heading into October. Investors considering the name should size their positions cautiously into Investor Day and treat any Q3 execution slippage as a signal to trim exposure rather than add. Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now. Contact [email protected] for any questions or corrections.

The firm also bought 69,585 shares of Cerebras Systems and 47,794 shares of Cloudflare. Wood’s asset management firm sold 37,977 shares of competing chipmaker Advanced Micro Devices. Broadcom is expected to post its third-quarter (Q3) earnings results on Sept. 2 after market hours. Cathie Wood’s ARK Investment Management loaded up on Broadcom Inc.’s (AVGO) shares on Wednesday, coinciding with chipmaker Nvidia Corp.’s (NVDA) earnings release. Across its ARK Innovation ETF (ARKK), ARK Autonomous Technology & Robotics ETF (ARKQ), and ARK Next Generation Internet ETF (ARKW), the asset management firm purchased a total of 57,705 AVGO shares, worth more than $20 million as of the last close. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox The firm also bought 69,585 shares of Cerebras Systems Inc. (CBRS) and 47,794 shares of Cloudflare Inc. (NET). AVGO stock was up nearly 2% in the overnight session late Wednesday. In addition to adding the aforementioned technology stocks, Wood’s asset management firm sold 37,977 shares of Advanced Micro Devices Inc. (AMD), another competing chipmaker. ARK also sold shares of Tempus AI Inc. (TEM), Twist Bioscience Corp. (TWST), Robinhood Markets Inc. (HOOD), Brera Holdings PLC (SLMT), CrowdStrike Inc. (CRWD), and Roblox Corp. (RBLX). Broadcom is expected to post its third-quarter (Q3) earnings results on Sept. 2 after market hours. RBC Capital analyst Srini Pajjuri maintained a ‘Sector Perform’ rating and $400 price target on AVGO shares ahead of its Q3 results. According to The Fly, the firm said that it expects a slight beat and raise for the quarter, driven by the company's Networking business. The analyst also noted that Broadcom's TPU share remains a focus amid competition from MediaTek and Alphabet Inc.’s (GOOG, GOOGL) Google, which recently forged a supply agreement with Marvell Technologies Inc. (MRVL). RBC also added that Broadcom's long-term contract and expanding TPU adoption beyond Google should support continued growth for the next few years. According to data from Fiscal.ai, analysts expect the company to post revenue of $29.43 billion, up 84.5% compared to $15.95 billion reported in the previous comparable quarter. Earnings per share (EPS) is expected to come in at $3.24, up from $1.69 posted in Q3 2025. Nvidia reported second-quarter (Q2) revenue of $96.2 billion, more than doubling from a year earlier, while adjusted EPS reached $2.22, beating Wall Street estimates. Data center revenue grew to $89 billion, ahead of expectations, with Alphabet and Amazon among key hardware adopters. For the third quarter, Nvidia expects revenue of $108 billion, above the $103.9 billion consensus, with gross margins around 74%. On Stocktwits, retail sentiment around AVGO stock was ‘bullish’ at the time of writing, with an increase of about 22% in chatter over 24 hours, as per platform data. One user said, “$AVGO Monster in making.” Another user said, “UP quite a bit in overnight trading. More than usual . Tomorrow should be a good day.” A third user said, “$AVGO loading zone!!! Lots of analysts came out with price targets above 500 recently. see you at 450 in 2 weeks time post killer Earnings report.” AVGO shares have gained more than 18% in the last one year. For updates and corrections, email newsroom[at]stocktwits[dot]com. Aashika Suresh has no position in any of the stocks mentioned in this article. StockTwits' news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy. This article was originally published on StockTwits. Related: ZenaTech Named 2026 “Drone Technology of the Year” Winner by AgTech Breakthrough Awards for Its ZenaDrone Precision Agriculture Solutions INFQ Stock’s Quantum Rally Gets A NASA Boost: $20M Contract Has Retail Chasing Massive Upside CRWD Stock Sees Biggest Single-Day Surge In Over A Year: Wall Street Sees ‘Mythos Moment’ Boosting Cybersecurity Demand, But One Analyst Is Skeptical

Nvidia (NASDAQ:NVDA), the AI chips, GPUs, and data-center networking provider closed at $227.98, up 8.74%. Investors bought the stock after blowout quarterly results and revenue guidance eased fears of an AI slowdown. Investors are watching the supply and-demand dynamic and digesting impressive revenue guidance for next year.Trading volume reached 293.3 million shares, coming in about 106% above its three-month average of 142.1 million shares. Nvidia IPO'd in 1999 and has grown 555,720% since going public. The S&P 500 (SNPINDEX:^GSPC) closed at 7,731, up 0.72%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) closed at 26,541, up 1.57%. Among semiconductor peers, Advanced Micro Devices (NASDAQ:AMD) closed at $476.67, down 0.89%, while Broadcom (NASDAQ:AVGO) closed at $371.54, up 4.49%, as Nvidia's results kept AI-chip investors focused on data center demand. Nvidia answered many questions and soothed investor concerns with its earnings report last night. Revenue more than doubled year over year, helping to show that growing competitive offerings of specific types of processing units aren't denting demand for Nvidia's hardware and software. It wasn't just sales, either. The company maintained its gross margin at 75%, though it expects that to dip in the next quarter due to rising memory costs. The real surprise was guidance for revenue to grow even faster next year. Guidance for about 70% growth was nearly twice what analysts expected for calendar year 2027. Nvidia has been investing its excess cash in the AI sector, too, and that's now also looking to be beneficial for stakeholders as data center demand continues to accelerate. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $439,308!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,286,826!* That performance is why people listen. With a track record of beating the S&P 500 by nearly 5x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of August 27, 2026. Howard Smith has positions in Broadcom and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Broadcom, and Nvidia. The Motley Fool has a disclosure policy. Stock Market Today, Aug. 27: Nvidia Surges on Blowout Results and Surprising Guidance was originally published by The Motley Fool