Stocks in the US surge | Marvell Technology (MRVL.US) up by 7%, Q3 earnings exceed expectations.

According to the Wise Financial APP, on Wednesday, Marvell Technology (MRVL.US) rose 7% to $99.33. In terms of news, Marvell Technology announced yesterday its third-quarter performance for fiscal year 2026, with revenue of $2.075 billion, a year-on-year increase of 37%, exceeding the expected $2.069 billion. Adjusted earnings per share were $0.76, exceeding the expected $0.74. The company predicts that data center business revenue will increase by over 25% year-on-year in fiscal year 2027, significantly higher than the market's expectation of 16%, and forecasts that the growth rate will further accelerate in fiscal year 2028.