Marvell Technology Group: Growth In Data Centre & AI Demand Brings This One Into The Limelight! 

As of the end of the fourth quarter for Marvell Technology Inc. in fiscal year 2024, the company has delivered a revenue of $1.43 billion—a 1% growth above their midpoint guidance. On a non-GAAP basis, Marvell has seen a substantial 330 basis point increase in gross margin, completed their previously outlined OpEx reduction plan, and delivered earnings per share of $0.46. The company also reported a successful record breaking in their data center end market, registering a revenue of $765 million; a 54% YoY and 38% sequential increase. This feat was mostly driven by the cloud aspect of their data center end market, with AI also serving as a driver of growth.