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Broadcom NASDAQ:AVGO, the custom AI chip and infrastructure software supplier, traded at $375.33 on Oct. 7, down approximately 0.13% from the previous close. The AI spending story remains strong: Investing.com reported that Marvell set a $20 billion revenue target for fiscal 2028, highlighting the…
Marvell raised its 2028 data center forecast to $94 billion, and Barclays lifted its price target to $275 after the October 6 investor day.
Marvell Technology raised its fiscal 2028 revenue target to approximately $20 billion from $18 billion at its October 6 investor day, above Wall Street expectations. The company also projected fiscal…