Latest news with #Trainium
Yahoo
5 days ago
- Business
- Yahoo
Marvell Shares Tumble Amid Concerns Over Next-Gen AI Ramp
May 30 - Shares of Marvell Technology (NASDAQ:MRVL) slid 4% in premarket trading Friday after the company posted first-quarter results and updated its guidance. The specialty semiconductor firm reported a GAAP gross margin of 50.3% and a non-GAAP gross margin of 59.8%. GAAP diluted EPS came in at $0.20, with non-GAAP diluted EPS of $0.62. Cash flow from operations was $332.9 million, bolstered by its positioning in the custom AI infrastructure market, which may drive further growth. Warning! GuruFocus has detected 4 Warning Signs with MRVL. Bank of America analyst Vivek Arya, who rates the stock Buy with a $72 target, said confirmation of Marvell's pipeline ahead of its June 17 AI Investor Event could boost confidence. However, limited earnings revisions are likely to keep the shares in check near term, as the Microsoft (NASDAQ:MSFT) chip deal won't begin until 2026. Needham's N. Quinn Bolton trimmed his price target to $85 from $100, citing valuation compression. He maintained a Buy rating, noting Marvell has addressed next-generation XPU concerns and that its Microsoft and Amazon (NASDAQ:AMZN) agreements remain intact. The company has secured 3 nm wafer and packaging capacity for production in calendar 2026 and expects custom XPU revenue to grow in fiscal 2026 and beyond. Morgan Stanley's Joseph Moore said his team may have overestimated pricing or volumes for Marvell's custom AI business with Amazon's Trainium processors, but added other segments are performing well and management remains confident in its AI roadmap. Shares of peers Broadcom (NASDAQ:AVGO) and Nvidia (NASDAQ:NVDA) also inched lower. This article first appeared on GuruFocus.
Yahoo
5 days ago
- Business
- Yahoo
Marvell Shares Tumble Amid Concerns Over Next-Gen AI Ramp
May 30 - Shares of Marvell Technology (NASDAQ:MRVL) slid 4% in premarket trading Friday after the company posted first-quarter results and updated its guidance. The specialty semiconductor firm reported a GAAP gross margin of 50.3% and a non-GAAP gross margin of 59.8%. GAAP diluted EPS came in at $0.20, with non-GAAP diluted EPS of $0.62. Cash flow from operations was $332.9 million, bolstered by its positioning in the custom AI infrastructure market, which may drive further growth. Warning! GuruFocus has detected 4 Warning Signs with MRVL. Bank of America analyst Vivek Arya, who rates the stock Buy with a $72 target, said confirmation of Marvell's pipeline ahead of its June 17 AI Investor Event could boost confidence. However, limited earnings revisions are likely to keep the shares in check near term, as the Microsoft (NASDAQ:MSFT) chip deal won't begin until 2026. Needham's N. Quinn Bolton trimmed his price target to $85 from $100, citing valuation compression. He maintained a Buy rating, noting Marvell has addressed next-generation XPU concerns and that its Microsoft and Amazon (NASDAQ:AMZN) agreements remain intact. The company has secured 3 nm wafer and packaging capacity for production in calendar 2026 and expects custom XPU revenue to grow in fiscal 2026 and beyond. Morgan Stanley's Joseph Moore said his team may have overestimated pricing or volumes for Marvell's custom AI business with Amazon's Trainium processors, but added other segments are performing well and management remains confident in its AI roadmap. Shares of peers Broadcom (NASDAQ:AVGO) and Nvidia (NASDAQ:NVDA) also inched lower. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Analyst Sees ‘Wait-and-See' for Marvell Technology, Inc. (MRVL) as EPS Drops and Competitors Loom
We recently published a list of . In this article, we are going to take a look at where Marvell Technology, Inc. (NASDAQ:MRVL) stands against other AI stocks on latest news and ratings. On May 28, Redburn Atlantic initiated coverage on Marvell Technology, Inc. (NASDAQ:MRVL) with a 'Neutral' rating and a price target of $67.00. Marvell engages in the development and production of semiconductors, focusing heavily on data centers. Noting how Marvell and Broadcom are similar in terms of their ASICs exposure and networking capabilities, the analyst pointed out some concerns regarding Marvell's potential involvement in future Amazon Web Services (AWS) Trainium chips. Some of Marvell's competitors, such as Alchip or AWS's own Annapurna Labs, may play a more significant part in AWS's accelerated ASICs in the future. If the said competitors take up a larger share of the work on AWS's projects, it will impact Marvell's business with AWS. An assembly line in a semiconductor factory, with workers at their stations. Marvell's stock price has declined nearly 50% in 2025 due to an approximate 16% reduction in the company's three-year forward GAAP earnings per share (EPS). Nevertheless, analysts are of the belief that Marvell will return to profitability this year with projected EPS of $2.83 for FY2026. All in all, the firm's Neutral rating reflects a wait-and-see approach, with investors closely watching Marvell's developments, especially with respect to its collaboration with AWS and its positioning against competitors in the ASICs market. Overall, MRVL ranks 7th on our list of AI stocks on latest news and ratings. While we acknowledge the potential of MRVL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MRVL and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
CNBC
6 days ago
- Business
- CNBC
Amazon AI deal with New York Times brings the paper's content to Alexa
The New York Times on Thursday struck a deal with Amazon allowing it to use the storied news organization's content across its artificial intelligence platforms. The multi-year deal "will bring Times editorial content to a variety of Amazon customer experiences," the Times said in a release. The agreement also includes content from the newspaper's other properties like NYT Cooking and The Athletic. "This will include real-time display of summaries and short excerpts of Times content within Amazon products and services, such as Alexa, and training Amazon's proprietary foundation models," the Times said. Terms of the deal weren't disclosed. The Times sued Microsoft and OpenAI in 2023 for copyright infringement, accusing the companies of abusing the newspaper's intellectual property to train large language models. Both Microsoft and OpenAI sought unsuccessfully to have the case thrown out. Other news publications have joined the Times in suing Microsoft and OpenAI for copyright violations, including the New York Daily News and the Center for Investigative Reporting. A growing number of news outlets have opted to strike licensing deals with tech companies rather than pursue litigation. Amazon has launched a flurry of generative AI products over the past several months as it looks to keep up with ChatGPT maker OpenAI, Google and others. Amazon announced Alexa+, a new version of its decade-plus old voice assistant embedded with generative AI in February. Other products include its own set of Nova models, Trainium chips, a shopping chatbot, and a marketplace for third-party models called Bedrock.
Yahoo
7 days ago
- Business
- Yahoo
Amazon.com, Inc. (AMZN) Will Buy Every Single NVIDIA Chip It Can Get, Says Jim Cramer
We recently published a list of . In this article, we are going to take a look at where Inc. (NASDAQ:AMZN) stands against other stocks that Jim Cramer discusses. Inc. (NASDAQ:AMZN) is the largest eCommerce retailer in America and has a robust presence in the cloud computing business. The firm is also among the handful in the world that develops its artificial intelligence chips. These chips are called Trainium, and they have generated speculation about whether they could replace NVIDIA's GPUs. However, Cramer doesn't believe this will be the case. When his co-host raised the question, he simply remarked: 'Oh, the Trainium. they'll take very single NVIDIA they can get.' Copyright: prykhodov / 123RF Stock Photo Inc. (NASDAQ:AMZN)'s shares jumped by 3% after its fiscal first-quarter earnings report. The CNBC host discussed the firm's financial report in detail: 'Then there's Amazon, which is trading lower after hours because the company gave a conservative forecast for the second quarter, as they typically do. And who can blame them given the impossible-to-game tariff situation. Overall, AMZN ranks 1st on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of AMZN, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
