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Marvell Investor Day: MRVL Stock Rockets As Firm Lays Out Path To Up To $90B In Annual Revenue By Fiscal 2031
Stocktwits ·
Stocktwits reports: Marvell Technology Inc. (MRVL) shares jumped nearly 10% on Tuesday after the chipmaker laid out sharply higher long-term revenue targets at its Investor Day, including a path to between $70 billion and $90 billion in annual revenue by fiscal 2031. The company also raised its fiscal 2028 revenue forecast to about $20 billion from the $18 billion outlook issued in August. That tops the $18.1 billion analyst consensus tracked by FiscalAI. Marvell expects roughly $18 billion…