Marvell Raises FY28 Outlook to $20B on Custom AI Demand
Marvell shares rallied after raising its fiscal 2028 revenue outlook to $20B at Investor Day, driven by surging hyperscaler custom AI chip demand.
AI chips
AMD Reaches $1T Market Cap; Q2 Filing Shows Data Center Growth
AMD reached a reported $1 trillion market value. Its Q2 filing shows 50% revenue growth, but the valuation benchmark uses a dated share count and needs context.
Intel and SK Hynix Jump on Talks for US Memory Chip Fab Deal
Intel and SK Hynix shares jumped over 3% after reports revealed talks to manufacture memory chips at Intel’s Ohio fab, reshaping the US semiconductor footprint.
TSMC August Revenue Jumps 53%: AI Chip Demand Runs Hot
TSMC posted NT$514.8B in August 2026 revenue, up 53.3% YoY and 10.1% MoM. YTD growth hit 39.3% as AI chip demand outstrips supply.
Nvidia Q2 FY27: $96.2B Beat, Guides Q3 to $108B ±2%
Nvidia posted $96.2B in Q2 FY27 revenue — a $5B beat on its own guide — with data center at $89B, EPS at $2.46 and Q3 set at $108B.
Applied Materials Record Q3: $9.1B, Guide Up, China Slips
Applied Materials posted record Q3 FY26 revenue of $9.12B and guided Q4 to $10.25B, but China’s revenue share fell from 35% to 28%. Stock -5% pre-market.
Marvell Hits Record High on AI Switch and Trainium Buzz
Marvell jumped 7% to a record $310 as a new 102.4 Tbps Teralynx switch, an Adobe-veteran CFO hire, and Amazon Trainium spillover stoked the rally.
TSMC at AGM: ‘Will Be a Long Time’ Before AI Supply Catches Demand
TSMC CEO C.C. Wei told the June 4 AGM AI demand still outpaces supply, signaling pricing power as Arizona buildout hits $165 billion.
Ambarella Falls 21% on Q1 Beat as Guidance Lands In-Line
Ambarella stock tumbled 21% Friday despite a Q1 FY27 earnings beat. In-line Q2 guidance disappointed a market priced for upside.
NVIDIA Hits $81.6B, Guides $91B – Stock Slips on the News
NVIDIA posted record $81.6B Q1 revenue, +85% YoY, and guided Q2 to $91B – yet shares slipped 1.3% after hours.