-
Marvell Surpasses AI Chip Sales Target, Aims Higher For 2026, But Stock Plunges Due To Muted Guidance
Thursday, March 6, 2025 - 4:29am | 545Marvell Technology Inc. (NASDAQ:MRVL) smashed its artificial intelligence data center revenue target in fiscal 2025. The chipmaker also reiterated plans to exceed fiscal 2026’s target but issued a soft earnings and revenue guidance which was roughly in-line with analyst estimates. What...
-
Mining Margin Compression Turns Barclays Bearish On Freeport-McMoRan
Thursday, July 8, 2021 - 5:08pm | 267Expected margin compression in the metals and mining industry has turned Barclay's analysts bearish on Freeport-McMoRan, Inc (NYSE: FCX). The Freeport Analyst: Matthew Murphy downgraded Freeport-McMoRan from Equal-weight to Underweight and announced a $29 price target. The Freeport...