MRVL

The fears rippled across the technology sector as major AI names and chip stocks declined sharply. The declines come at the start of a strong earnings season, with big banks kicking off the cycle earlier this week with solid results. On the geopolitical front, the U.S. has continued its attack on Iran for a sixth-consecutive day, causing a spike in oil prices. U.S. stock futures extended a decline into the overnight session late Thursday after all benchmark indexes closed lower amid a selloff in the technology sector, particularly among semiconductor names. Nasdaq-100 futures fell 0.61%, Dow futures were down 0.41%, and S&P 500 futures declined 0.38% at 9:11 PM EDT. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox Among ETFs tracking benchmark indexes, the SPDR S&P 500 ETF (SPY), the Invesco QQQ Trust (QQQ) and the SPDR Dow Jones Industrial Average ETF Trust (DIA) all edged lower at the time of writing. The iShares 20+ Year Treasury Bond ETF (TLT) was down 0.02% amid ‘bearish’ sentiment. All three benchmark indexes closed lower on Thursday amid growing concerns over AI sustainability. The Nasdaq Composite led the declines, tumbling nearly 400 points to close 1.47% lower. The S&P 500 was down 0.51%, while the Dow closed 0.20% lower. U.S. markets bled amid rising concerns over ballooning capital expenditures from AI players after Taiwan Semiconductor Manufacturing (TSM) massively hiked its capital expenditures for 2026. The company raised its 2026 capex forecast to between $60 billion and $64 billion in its latest earnings update on Thursday, up substantially from its previous $52 billion to $56 billion range. The fears rippled across the technology sector as major AI names including Nvidia Corp. (NVDA), Alphabet Inc. (GOOG, GOOGL), Amazon.com Inc. (AMZN), and Meta Platforms Inc. (META) closed lower at the close. The rout was particularly steep among semiconductor stocks, with Micron Technology Inc. (MU), Advanced Micro Devices Inc. (AMD), Intel Corp. (INTC) and Broadcom Inc. (AVGO) clocking declines over 5% each. The VanEck Semiconductor ETF (SMH) slumped nearly 4%. However, many Wall Street analysts believe that the selloff is temporary. CEO and Chief Investment Officer of Singapore-based DeFiance Capital, Arthur Cheong, said in a post on X that this appeared to be a mid-cycle c...

It has been about a month since the last earnings report for Credo Technology Group Holding Ltd. (CRDO). Shares have added about 18.8% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Credo Technology Group due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for Credo Technology Group Holding Ltd. before we dive into how investors and analysts have reacted as of late. Credo Technology reported fourth-quarter fiscal 2026 non-GAAP diluted earnings per share of $1.16, which beat the Zacks Consensus Estimate of $1.03 by 12.6%. GAAP diluted earnings rose to 88 cents from 20 cents in the prior-year quarter.Revenues surged 157% year over year to $437 million and surpassed the consensus mark of $430.1 million by 1.6%. The upside was driven by strong AI connectivity demand, with the top four end customers each contributing at least 10% of revenues. Management said fourth-quarter revenues exceeded the company’s total fiscal 2025 revenues, highlighting the speed of the current AI infrastructure ramp. Fiscal 2026 revenues surpassed $1.3 billion, more than tripling year over year.The company’s portfolio is positioned around high-speed copper and optical interconnects that help large AI clusters improve reliability, power efficiency and signal integrity. Management noted that connectivity has become a critical constraint as clusters scale from tens of thousands to hundreds of thousands of GPUs.AECs remained a key growth engine. In addition to AEC, CRDO is now focusing on the IC portfolio (retimers and DSPs). The company expects mid-single-digit sequential growth in the first half of fiscal 2027, followed by a stronger second-half acceleration buoyed by its optical portfolio. Management projects more than $600 million in optical revenues, with ZeroFlap optics, silicon photonics PICs and optical DSPs each contributing more than $100 million. This is expected to support more than 80% year-over-year revenue growth for the full year.The acquisition of Dust Photonics strengthens Credo’s high-speed optical connectivity portfolio with silicon photonics PIC technology. The deal adds advanced technology, including 800G and 1.6T solutions, and would aid in developing upcoming 3...

Semiconductor stocks have had a standout quarter. The PHLX Semiconductor Index is up more than 86% for the quarter, Dow Jones Market Data show. Chip stocks are lifting the broader market as the sector leader.

(Updates with market moves at the end of the day.) The Dow Jones Industrial Average hit an new al

(Updates with latest market prices and developments.) US benchmark equity indexes were higher int

It has been about a month since the last earnings report for Marvell Technology (MRVL). Shares have added about 37.3% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Marvell due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important catalysts. Marvell came out with first-quarter fiscal 2027 earnings of 80 cents per share, in line with the Zacks Consensus Estimate. The company reported earnings of 62 cents per share a year ago. The bottom line increased 29% year over year. MRVL’s first-quarter fiscal 2027 revenues of $2.42 billion surpassed the Zacks Consensus Estimate by 0.59%. MRVL reported revenues of $1.90 billion in the year-ago quarter. The top-line record was built on demand in both reported end markets. Data center revenues increased 27% year over year and 11% sequentially to $1.83 billion. Communications and other revenues were $585 million, up 29% year over year and 3% sequentially. Management pointed to “exceptional AI-related bookings” across its data center lineup and guided for continued sequential acceleration as fiscal 2027 progresses. The message was that AI buildout is pulling through multiple product families, including optical interconnect, custom silicon and switching. Marvell Technology emphasized strength in 800G PAM4 products, a quick ramp of 1.6T solutions and expanding traction in Ethernet switching as networking becomes more critical in larger AI clusters. The company also said the shift toward larger, multi-site AI systems is increasing the importance of data center interconnect modules. Strategically, MRVL highlighted an expanded partnership with NVIDIA across optics, NVLink Fusion integration and AI-RAN, intended to connect its custom silicon and optical networking capabilities into the NVIDIA ecosystem. Management said it has a line of sight to a $1 billion annualized DCI module revenue run rate during fiscal 2028. MRVL reported non-GAAP gross margin of 58.9%. Non-GAAP operating margin was 35.0%, supported by $846.9 million of non-GAAP operating income. MRVL’s non-GAAP operating expenses were $576.9 million as the company continued investing in AI growth priorities. Operating...

What happened: Memory and storage stocks rallied on Thursday. Shares of Sandisk (SNDK) and Western Digital (WDC) gained 21% and 4%, respectively, while chipmaker Qualcomm (QCOM) and machine manufacturer Applied Materials (AMAT) also rose. What's behind the move: The iShares Semiconductor ETF (SOXX) ticked up by more than 3% after Micron Technology's (MU) blowout quarterly results reinforced the narrative that capital spending on artificial intelligence continues to accelerate. That helped lift sentiment, "suggesting investors remain willing to look through short-term volatility as long as the earnings outlook continues to justify elevated valuations," Capital.com senior market analyst Daniela Hathorn said. Meanwhile, AI chip heavyweight Nvidia (NVDA) slipped after rival Qualcomm forecast $15 billion in new data center revenue as it heavily broadens beyond smartphones. What else you need to know: Memory has been a major bottleneck in the artificial intelligence trade, with Micron leading the semiconductor complex. Last month, Micron Technology, Samsung Electronics (005930.KS), and SK Hynix (000660.KS) all made headlines as they reached $1 trillion valuations for the first time. Stocks across the semiconductor complex have been driving the overall tech sector (XLK) up 27% year-to-date and a whopping 43% since the March 30 lows. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre.

SANTA CLARA, Calif., June 25, 2026--(BUSINESS WIRE)--Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock, including preferred stock on an as converted to common stock basis, payable on July 30, 2026 to stockholders of record as of July 10, 2026. About Marvell To deliver the data infrastructure technology that connects the world, we’re building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world’s leading technology companies for over 30 years, we move, store, process and secure the world’s data with semiconductor solutions designed for our customers’ current needs and future ambitions. Through a process of deep collaboration and transparency, we’re ultimately changing the way tomorrow’s enterprise, cloud and carrier architectures transform—for the better. Marvell® and the Marvell logo are registered trademarks of Marvell and/or its affiliates. View source version on businesswire.com: https://www.businesswire.com/news/home/20260625543988/en/ Contacts Ashish SaranSenior Vice President, Investor [email protected]

Micron stock was surging as the company delivered reassurance the memory-chip boom can last for longer than expected.

Despite the stock's significant appreciation, the most compelling upside lies not in near-term earnings but in the long-term visibility the company is building today. After a +53% run over the past year, you might be wondering what could possibly be left in the tank for Broadcom (AVGO). The stock isn't a secret, and the AI story is well known. But the most powerful driver for the next phase of growth extends beyond the strong demand everyone sees today. It lies in how that demand is translating into something exceedingly rare in the chip industry: a multi-year, locked-in view of the future. A Signal Of Insatiable Demand Let’s start with the present, because the numbers are noteworthy. In its most recent quarter, Broadcom’s AI semiconductor revenue hit a record $10.8 billion. That’s impressive on its own. But here’s the figure that changes the game: during that same period, the company took in bookings for AI semiconductors of “over $30 billion.” Think about that. For every dollar of AI chips it shipped, it booked more for the future. This isn't a gentle updraft; it's a clear signal that demand from its core customers is simply outrunning its current ability to supply it, creating a formidable pipeline of future business. How Far Out Can This Trajectory Really Go? This is where the skeptic in you should pipe up. A substantial order book is great, but in the notoriously cyclical semiconductor world, backlogs can vanish. And with so much of this growth tied to just 6 core customers, isn't there a huge concentration risk? It’s a fair question. But management is painting a picture of unusual stability. Just three months ago, the company’s visibility ran into 2027. Today? The CEO states, “Our visibility runs all the way to 2028 right now.” This isn't typical quarterly guidance. It’s a strategic view built on long-term agreements with partners like Google, Meta, and OpenAI who are planning their AI infrastructure years in advance. They need to secure power and data centers, which forces them to lock in their chip orders far earlier than ever before. The $100 Billion AI Target Is Now The Baseline This long-range visibility gives Broadcom the confidence to put a number on the future that redefines the company's scale. Management has reiterated its guidance for AI semiconductor revenue to be “in excess of $100 billion." For context, the company’s total revenue over th...

The S&P 500 Index ($SPX) (SPY) today is down -0.15%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.23%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.30%. June E-mini S&P futures (ESM26) are down -0.17%, and June E-mini Nasdaq futures (NQM26) are up +0.24%. Stock indexes are mixed today, with the Dow Jones Industrials posting a new all-time high. Strength in chipmakers is leading the overall market higher. Stocks also garnered support on better-than-expected US economic reports on US May retail sales, a sign of resilient consumer demand, and May pending home sales. Weakness in telecommunication and trucking stocks is limiting gains in the overall market. Rocket Lab vs. Redwire: 1 Stock Has the Stronger Growth Story for the Next Decade Dear SpaceX Stock Fans, Mark Your Calendars for June 16 Dear Western Digital Stock Fans, Mark Your Calendars for June 22 Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Stocks also have carryover support from Monday after the US and Iran agreed to end their war and reopen the Strait of Hormuz, knocking crude oil prices down to a 3.5-month low and stoking risk-on sentiment in asset markets. The market’s focus will be on the conclusion of today’s 2-day FOMC meeting, the first under the leadership of new Fed Chair Kevin Warsh. While the Fed is expected to keep interest rates unchanged, the spotlight will be on how Mr. Warsh navigates the post-meeting press conference and the outlook for inflation. US MBA mortgage applications fell -3.8% in the week ended June 12, with the purchase mortgage sub-index down -3.4% and the refinancing mortgage sub-index down -4.5%. The average 30-year fixed rate mortgage was unchanged from last week at 6.60%. US May retail sales rose +0.9% m/m, stronger than expectations of +0.6% m/m. Also, May retail sales ex-autos rose +0.8% m/m, stronger than expectations of +0.6% m/m. US May pending home sales rose +3.8% m/m, stronger than expectations of +0.9% m/m and the biggest increase in 20 months. WTI crude oil prices (CLN26) recovered from a 3.5-month low today and are moving higher as prices consolidate following this week’s plunge. The eventual resumption of vessel traffic through the Strait of Hormuz could lead to the release of more than 100 laden ships ca...

Adobe's (ADBE) solid quarterly results were overshadowed by the departure of its finance chief and l