Latest news with #MattMurphy
Yahoo
3 days ago
- Business
- Yahoo
Jim Cramer on Marvell: 'It Should Have Gone Up After That Last Quarter'
Marvell Technology, Inc. (NASDAQ:MRVL) is one of the stocks that Jim Cramer looked at. Noting the stock's recent upward trend, a caller asked about the stock. In response, Cramer said: 'You know what? I think it should have gone up after that last quarter. I think Matt Murphy did a terrific job. I don't really understand the sustained decline. I think that this stock could be ready to roll. Now, Texas Instruments reported… and again, gave weak guidance. Now they're not exactly the same, but I will tell you that I think that you could see this stock down along with Texas Instruments because Texas Instruments was that bad.' Photo by Yiorgos Ntrahas on Unsplash Marvell (NASDAQ:MRVL) provides semiconductor solutions for data infrastructure, and it offers system-on-a-chip designs, Ethernet products, custom processors, interconnect technologies, and storage controllers. During a June episode, Cramer called it an 'excellent company,' as he remarked: 'On Marvell Technology, they have a Sell?… That's just ridiculous. Marvell's an excellent company, and they won a lot of business for some of the hyperscalers. I don't know. That's crazy. Matt Murphy is doing a remarkable job. The stock is starting to act right… So, by the way, I'm leaving a twofer, is AMD. So I think… you're on the right track owning Marvell, and that brokerage firm should rethink their negativity.' While we acknowledge the potential of MRVL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
BBC News
18-07-2025
- General
- BBC News
Analysing new Syria footage and behind the scenes of Gaza investigation
Update: Date: 09:45 BST Title: Welcome Content: Matt MurphyBBC Verify senior journalist Good morning from BBC Verify Live. Its a busy Friday here, and our fact-checkers, data journalists and verification specialists are working on these stories today: All that and more to come this morning. And remember, if there's anything you want BBC Verify to look into you can get in touch using this form.
Yahoo
17-07-2025
- Business
- Yahoo
Why Marvell Technology Fell Nearly 30% in the First Half of 2025
Key Points Marvell entered 2025 at a very high valuation. The release of China's DeepSeek and Trump's trade war weighed on shares. However, its shares didn't recover in the matter other rivals did, as investors came to doubt Marvell's competitive position somewhat. 10 stocks we like better than Marvell Technology › Shares of communications semiconductor specialist Marvell Technology (NASDAQ: MRVL) fell 29.9% in the first half of 2025, according to data from S&P Global Market Intelligence. Marvell didn't necessarily report any bad news per se in the first half. Rather, the stock's decline may have been the result of a very high valuation entering the year. And although Marvell should ultimately be able to get its share of custom AI XPU chip share, worries over very strong competition in that area may have kept a lid on a May/June recovery, which most other AI chipmakers experienced. Marvell can't escape the fear, uncertainty, and doubt in the first half Marvell's starting point may have had more to do with its first-half decline as much as than anything else. In 2024, the stock rallied nearly 84%, with the company entering 2025 at a valuation of 70 times 2025 earnings estimates. That lofty perch certainly had a lot of expectations built in, including future growth in custom XPU chips, which Marvell makes for cloud clients such as Amazon (NASDAQ: AMZN), as well as the associated communications chips needed to fill AI data centers. In addition, Marvell's chips that serve legacy businesses like enterprise communications, consumer electronics, and auto/industrial were thought to be on the brink of a recovery after two downcycle years. Marvell actually delivered on those expectations, beating analyst expectations for revenue and adjusted profit in its two earnings reports; however, a valuation that high suggests multiple years ahead of high AI-powered growth. And on the front, some questions emerged. Marvell's super-important custom AI chip business, in which it makes part of AI chips designed by cloud giants, is very levered to one big client: Amazon. On Marvell's March earnings call, sell-side analysts brought up the prospect that Marvell's main competitor, Broadcom (NASDAQ: AVGO), is vying for Amazon's custom silicon business. CEO Matt Murphy said that he still expected growth in revenue from this "big customer" this year, next year, and beyond, but couldn't comment on rumors as to whether Amazon was also working with a rival. Marvell's stock had a harsh post-earnings reaction, probably spurred on by that lack of clarity. In addition, the release of China's DeepSeek model spurred doubts about the needed size of the AI buildout. And the administration's tariff war also harmed the semiconductor sector, given the very international nature of modern electronics supply chains. Marvell has rerated, so it's a more reasonable AI play Marvell is still 43% off its 52-week highs, and now trades at a more reasonable 25 times this year's adjusted earnings estimates. Moreover, Marvell recently increased its estimates for the 2028 AI custom compute market size, relative to estimates given last year. Now, Marvell expects a $55 billion custom AI market, relative to the $43 billion estimate given at last year's Investor Day. And the custom AI market is part of an overall Data Center total addressable market, which includes interconnects, switching, and storage, which Marvell now expects to reach $94 billion in 2028, relative to last year's estimate of $75 billion. In short, Marvell could be primed for a second-half comeback -- although another big custom XPU customer announcement outside of Amazon would go a long way toward making that happen. Should you buy stock in Marvell Technology right now? Before you buy stock in Marvell Technology, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Marvell Technology wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $679,653!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,046,308!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Billy Duberstein and/or his clients have positions in Amazon and Broadcom. The Motley Fool has positions in and recommends Amazon. The Motley Fool recommends Broadcom and Marvell Technology. The Motley Fool has a disclosure policy. Why Marvell Technology Fell Nearly 30% in the First Half of 2025 was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
BBC News
16-07-2025
- Politics
- BBC News
Investigating Gaza aid site deaths and cost of Afghan resettlement plan
Update: Date: 09:38 BST Title: Welcome Content: Matt MurphyBBC Verify senior journalist Good morning from BBC Verify Live. It's a busy morning here. Our fact-checkers, data journalists and verification specialists are working on these stories today: All that to come, and later our fact-check team will be gearing up for Prime Minister's Questions, where Sir Keir Starmer will be grilled by Conservative leader Kemi Badenoch in the final clash before summer recess.
Yahoo
28-06-2025
- Business
- Yahoo
Jim Cramer Calls Marvell's Recent Sell Rating 'Ridiculous'
Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 11 stocks Jim Cramer put under the microscope recently. When a caller highlighted that the stock has received a Sell rating, Cramer commented: 'On Marvell Technology, they have a Sell?… That's just ridiculous. Marvell's an excellent company, and they won a lot of business for some of the hyperscalers. I don't know. That's crazy. Matt Murphy is doing a remarkable job. The stock is starting to act right… So, by the way, I'm leaving a twofer, is AMD. So I think… you're on the right track owning Marvell, and that brokerage firm should rethink their negativity.' An assembly line in a semiconductor factory, with workers at their stations. Marvell Technology (NASDAQ:MRVL) supplies semiconductor solutions for data infrastructure, with a focus on system-on-a-chip designs that incorporate analog, mixed-signal, and digital processing. The company provides Ethernet components, processors, custom semiconductors, interconnect and storage technologies, and high-speed data transfer devices. Hardman Johnston Large Cap Equity Strategy stated the following regarding Marvell Technology, Inc. (NASDAQ:MRVL) in its Q1 2025 investor letter: 'The portfolio's off-benchmark position in Marvell Technology, Inc. (NASDAQ:MRVL) contributed negatively with a return of -44.2%. Shares of Marvell came under pressure during the release and subsequent realization of the innovations of the DeepSeek's R1 model. DeepSeek is a Chinese AI competitor to ChatGPT and other large language models ('LLMs') that claimed to operate at significantly lower cost. This pressured the entire AI compute and networking supply chain, and, while impressive, we believe the immediate selloff was an overreaction. The compute requirements for reasoning models like R1 should drive greater hardware demand and lower cost, as more accessible AI models should drive up adoption. This pressure was exacerbated by Marvell's FY4Q results and FY1Q guidance that fell short of exuberant buyside expectations, as Amazon Web Services ramped its Trainium2 custom processor.' While we acknowledge the potential of MRVL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
