:Marvell Technology Inc on Thursday forecast its artificial intelligence (AI) revenue would double for the year, after the chipmaker surpassed Wall Street targets for first-quarter revenue.Its shares rose 13.5 per cent to $56.15 in extended trading, as Marvell became the second U.S. chipmaker in as many days
:Marvell Technology Inc on Thursday forecast its artificial intelligence revenue would double for the year, after the chipmaker surpassed Wall Street targets for first-quarter revenue.
Larger peer Nvidia on Wednesday announced a second-quarter revenue target more than 50 per cent above market estimates, with plans to boost supply to meet surging demand for its AI chips.
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