Marvell Technology Bets Big on AI Chips for Growth

So, get this Marvell Technology says it thinks it's gonna make more money next quarter than folks on Wall Street thought. They're really counting on those special chips they make for all the AI stuff happening in data centers, which makes sense, right? Everyone's into AI these days.

It seems like the demand for these custom AI chips is just booming. Also, those super-fast networking chips and the ones that use light are doing pretty well too. These things are helping the big companies, you know, like Google or Amazon, deal with all the crazy amounts of data that AI is creating. It's a lot!

Their data center business is a huge deal for them, like, 76% of everything they make! And last quarter they pulled in a cool $1.44 billion just from that segment. Looking ahead to the next quarter, they're predicting about $2 billion, maybe a little more or less, but that's right around what the analysts were guessing, which is pretty good news for Marvell.