Marvell-Aktie steigt nach Micron-Q3-Bericht und Qualcomm-Prognose um 4,3 % über Nacht.

Marvell Technology, Inc.'s stock rose 4.3% in overnight trading late Wednesday following strong quarterly results from Micron and an upbeat forecast from Qualcomm. Micron reported record fiscal third-quarter revenue that rose 346% year over year with gross margin more than doubling to 84.9%, while Qualcomm projected its data center business would generate annual sales of $15 billion by 2029. The rally reflects sustained demand for advanced chips across the semiconductor sector, with major stocks including SanDisk, Western Digital, Intel, and Advanced Micro Devices gaining after Micron's report.

Micron Reports Record Fiscal Q3 Results

Micron reported record numbers for its fiscal third quarter and indicated that rapid growth will be sustained over the next few years. Revenue rose 346% year over year, and gross margin more than doubled to 84.9%. Shares of major semiconductor stocks, including memory heavyweights SanDisk and Western Digital and legacy chipmakers such as Intel and Advanced Micro Devices, gained after Micron's report.

Qualcomm Projects $15 Billion Data Center Revenue by 2029

Qualcomm on Wednesday projected that its data center business would generate annual sales of $15 billion by 2029, up from a projected $5 billion in fiscal 2027. Qualcomm also said it expects $40 billion in revenue from chips outside its smartphone stronghold by 2029, up from previous estimates of $22 billion, with handsets making up only a third of its chip revenue by then. Earlier in the day, Qualcomm said Microsoft and Meta Platforms will use its new AI chips and that it will make custom chips for two other unnamed "hyperscalers."

The developments underscore that demand for advanced chips would remain elevated in the coming years. Marvell, which has a wide portfolio of offerings, including networking chips, custom AI accelerators, optical and silicon photonics components, and telecom semiconductors, is a key beneficiary for the AI-driven up cycle in data center hardware.

Marvell CFO Sells 2,250 Shares

Marvell CFO Daniel Durn sold company shares earlier this week. Durn sold 2,250 common shares for $632,273 on Tuesday and holds 6,902 shares after the transaction, according to an exchange filing.

MRVL Stock Performance and Retail Sentiment

Shares of MRVL have surged 225% year to date, with a big boost coming after Nvidia's $2 billion investment in the company in March. Last month, Nvidia CEO Jensen Huang said he expects the company to join the trillion-dollar market-cap club. MRVL stock has slid about 15% since its record high on June 3. The company's market capitalization was $242 billion as of Wednesday.

On Stocktwits, retail sentiment for MRVL remained 'bearish,' unchanged from the previous day. One trader said, "$MRVL buy the dip. The story hasn't changed. Still a $1 trillion company." Another wrote, "The market just handed investors another reset" and named Marvell, Nebius, Applied Optoelectronics, Micron and Rocket Lab as stocks to keep on the radar.

FAQ

What caused Marvell stock to rise overnight? Marvell Technology's stock rose 4.3% in overnight trading late Wednesday following Micron's record fiscal third-quarter results showing 346% year-over-year revenue growth and Qualcomm's projection of $15 billion in data center sales by 2029.

How much did Marvell's CFO sell in company shares? Marvell CFO Daniel Durn sold 2,250 common shares for $632,273 on Tuesday and holds 6,902 shares after the transaction, according to an exchange filing.

What is Marvell's current market capitalization? Marvell's market capitalization was $242 billion as of Wednesday, with the stock up 225% year to date but down about 15% from its record high on June 3.