Marvell rallied sharply on Friday as investors piled into the stock after Nvidia CEO Jensen Huang called the chipmaker the next “trillion dollar company.” Broadcom’s bleak forecasts not only pressured the stock, but also triggered a selloff that hit nearly all major AI-related stocks last week. Stocktwits sentiment was ‘very positive’ for both MRVL and …
The semiconductor sector experienced a brutal selloff last week, and it began Broadcoms (AVGO 7.49%) The latest quarterly earnings report on Wednesday evening. Despite posting a strong result, the company’s forward guidance fell short of Wall Street’s expectations, sending its stock down 20%. Broadcom is a high-profile business with a strong demand pipeline for its …
Nvidia Artificial intelligence (AI) still dominates the market for chips used in data centers. But AI is a huge opportunity, and second place isn’t so bad in this regard. Statista estimates that the AI chip market will continue to grow and reach $333 billion by the end of the decade. That leaves plenty of room …
