This year Marvell's stock rose 95%, giving it a $100 billion market capitalization, according to the Wall Street Journal.
"The latest gains have even put Marvell's market cap ahead of much-beleaguered Intel, which still generates 10 times as much annual revenue."
Marvell's recent trajectory suggests that the revenue gap will continue to narrow. The explosive growth of its data center business has finally reached a point where it can more fully offset weakness in the company's more legacy segments, which sell chips used in goods such as telecommunications gear, cable TV boxes and autos. Data center sales nearly doubled year over year to $1.1 billion in the just-ended quarter, and Marvell's projection for the current period indicates the company will end its fiscal year in January with the data center unit encompassing about 72% of its total revenue, up from 40% in the previous year. ...
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