positive
Recently
Marvell Sees 25% Data Center Revenue Growth, Acquires Celestial for $3.25 Billion
Marvell’s Q3 earnings beat expectations, and its data center revenue is projected to grow by 25%, bolstered by the Celestial acquisition.
Marvell expects 25% data center revenue growth next fiscal year after reporting a Q3 earnings beat. The company also announced the acquisition of Celestial for $3.25 billion, with an additional $2.25 billion contingent on revenue targets. Marvell's growth is driven by the increasing demand for data center solutions and cloud infrastructure.