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We told you first: Picked by our AI yesterday, this chip stock is up +27% today

Investing.com's AI-picked chip stock call drove a big market move: Marvell (MRVL) jumped roughly +27% in premarket trading after a strong earnings beat and upbeat guidance tied to accelerating AI infrastructure demand. Revenue rose 28% YoY to $2.4bn, management raised full-year revenue guidance to about $11.5bn and outlined a path to ~$16.5bn next year, with data-center sales set to grow ~50% this year and ~55% next. The story highlights rapid repricing across AI beneficiaries and bolsters investor appetite for semiconductor names, helping the broader AI trade and contributing to sector strength vs. the S&P 500.

Category

NVIDIA

Sentiment

Bullish

Event

Price movement

Reading time

1 min