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Marvell Technology (MRVL) stock surged about 15% in after-hours trading after the company released a Q4 FY2026 earnings report that far exceeded expectations and significantly raised its outlook. The semiconductor company's Q4 revenue was $2.22 billion, surpassing estimates, and it forecasted FY2028 revenue to approach $15 billion, well above market expectations. CEO Matt Murphy stated, "Strong AI demand" is the main driver of performance growth, as the company benefits from massive spending by hyperscale data center operators on AI infrastructure.