SMRTR TechDec 9, 2024TechSpot

Chipmaker Marvell is now more valuable than Intel amid AI boom

SMRTR summary

Marvell Technology's market cap exceeded Intel's, hitting $98.22 billion after strong Q3 results and a positive Q4 outlook, with revenue growing 7% to $1.52 billion due to AI demand and Q4 projections of $1.8 billion revenue.

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