:max_bytes(150000):strip_icc()/INV_MarvellHQ_GettyImages-2169879324-fdab8aa12bf845efa82201a47d09c793.jpg?w=1500&resize=1500,998&ssl=1 "Marvell Stock Gains as Custom AI Chips Boost Performance | Global News Avenue")
Marvell Stock Gains as Custom AI Chips Boost Performance
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Main points
- Marvell Technology shares rose on Monday after the company said its accelerator chips are now better able to boost the performance of artificial intelligence (AI) servers.
- Marvell says its co-packaged optics technology increases chip density from dozens of chips to hundreds.
- Previously, Marvell released a current-quarter forecast that significantly exceeded Wall Street expectations.
Marvell Technologies (MRVL) where the company represents its Artificial Intelligence (AI) Accelerator chips (XPUs) are now better able to improve the performance of artificial intelligence servers.
The company says its co-packaged optics technology improves server performance by increasing XPU density from tens to tens. chips From within one server rack to hundreds across multiple racks. This integrated technology is now available for Marvel’s customer i.e. Cloud hyperscalersdevelop custom XPU designs.
Outlook for the current quarter
The news was released by Marvell Revenue forecast for this quarter Last month’s numbers significantly exceeded Wall Street expectations. During the company’s fiscal third-quarter earnings call, Chief Executive Officer (CEO) Matt Murphy says Marvell is on track to beat previous expectations, with sales of AI networking and custom processor chips set to reach Will reach $2.5 billion by fiscal year 2026.
Marvell shares rose nearly 2% to $120.22 on Monday, doubling in value over the past year.
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