Categories: Tech & Auto

Marvell forecasts quarterly revenue above estimates on AI chip demand; shares rise

By Anhata Rooprai May 27 (Reuters) – Marvell Technology forecast on Wednesday its custom chip business would surpass $10 billion in revenue in fiscal 2029, as cloud companies expand AI data centers

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Share
Published by
Indianews Syndication

Recent Posts

Neymar calf scare turns Brazil's World Cup camp into waiting room

VIDEO SHOWS: ARCHIVE FOOTAGE OF NEYMAR DURING TRAINING / STILL PHOTOS OF NEYMAR COMPLETE SHOTLIST…

3 minutes ago

China's auto industry is unlikely to return to 'golden era', NIO CEO says

BEIJING, May 28 (Reuters) - China's auto industry has likely moved past its "golden era",…

7 minutes ago

Snowflake signs $6 billion deal with AWS tied to AI infrastructure

May 27 (Reuters) - Snowflake said on Wednesday it has signed a $6 billion deal…

9 minutes ago

Fonseca comes back to reach French Open third round, Zverev, Ruud through too

VIDEO SHOWS: HIGHLIGHTS OF DAY 4 OF THE FRENCH OPEN WITH WINS FOR JOAO FONSECA,…

13 minutes ago

Australia sues 3M for $1.4 billion over PFAS 'forever chemicals' contamination

By Christine Chen SYDNEY, May 28 (Reuters) - The Australian government said on Thursday it…

19 minutes ago

Salesforce beats first-quarter revenue estimates on AI demand

By Juby Babu May 27 (Reuters) - Salesforce forecast second-quarter revenue below Wall Street estimates…

20 minutes ago