Marvell stock pops as AI-related bookings drive Q1 revenue to record levels Marvell Technology (MRV...

Marvell stock pops as AI-related bookings drive Q1 revenue to record levels Marvell Technology (MRVL) is inching higher in extended hours after the company posted stellar Q1 results and issued impressive guidance for the current quarter. The custom AI chips specialist reported a 28% year-on-year increase in revenue to a record $2.42 billion on $0.8 per share of earnings (EPS) – slightly beating consensus set at $0.79 per share.