Marvell CEO Matt Murphy talks earnings and AI growth
Marvell CEO Matt Murphy discusses quarterly earnings, AI growth, and the semiconductor industry in an interview on "Closing Bell Overtime."
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Posted 8/25/2023, 9:54:18 PM
cnbc.com
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Marvell Technology is predicted to benefit from the increasing adoption of artificial intelligence, as its semiconductors and equipment are essential for developing AI technology, according to Goldman Sachs analysts and CNBC's Jim Cramer.
Marvell Technology is expected to report generally in-line earnings results, with a focus on its growing AI sales to offset weakness in traditional computing areas, while investors should also keep an eye on Advanced Micro Devices and Broadcom.