Marvell investor day may bring raised guidance

After Micron's strong results, attention turns to AI chip stock Marvell's Oct. 6 Investor Day. Marvell makes custom AI processors and networking chips and has raised its fiscal 2027 revenue outlook to $12B and fiscal 2028 to $18B. Counterpoint estimates custom AI processor shipments will triple between 2024 and 2027.

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