Source: Wind
Hong Kong's Wande News Agency reports that it rose more than 7% yesterday$Marvell Technology (MRVL.US)$It surged nearly 17% again before the market, reaching a renewed high price of 57.68 US dollars.
Data center chip business
Maywell Technology lost $0.20 per share in the first quarter and $0.20 for the same period in 2022; net revenue for the first quarter was $1.32 billion, analysts expect $1.30 billion ± 5%; net revenue for the second quarter is expected to be $1,330 million ± 5%; it is expected that artificial intelligence (AI) revenue for fiscal 2024 will find a double-digit year-on-year increase. J.P. Morgan raised Maywell Technology's price target from $60 to $70.
Maywell Technology is mainly engaged in data center chip business. Its products include data storage devices, enterprise Ethernet data conversion, wireless networks, personal area networks, Ethernet-based PC connections, control surface communication controllers, video image processing and power management solutions.
High growth in data center business
The company's data center business continued to grow at a high rate in 2022.
2022Q4, Maywell Technology's overall revenue was US$1,343 million, of which data center business revenue was US$574 million, accounting for 43% of total revenue; operator infrastructure business revenue was US$241 million, accounting for 18%; enterprise network business revenue was US$263 million, accounting for 19%; consumer business revenue was US$185 million, accounting for 14%; and automobile business revenue was US$79 million, accounting for 6%.
Comparing the revenue breakdown data from 2021 Q1 to 2022 Q4, it can be seen that Maywell Technology's data center business revenue grew significantly starting in 202Q2. Compared to 2021Q4, the share of data center business revenue jumped from 34% to 43%.
The acquisition of Inphi in the 2022-Q1 quarter contributed greatly to Tshemwell Technology's cloud sector and operator infrastructure construction business. At the same time, the acquisition of Innovium was completed in the third quarter, further expanding Mayer Technology's leading position in the cloud field. Enabling it to immediately participate in the switch market through cloud optimization solutions is also a key measure to push the data center business to fully carry the banner of Mayer Technology's revenue generation.
Goldman Sachs (Brook Dane), technology portfolio manager at Goldman Sachs (Goldman Sachs), once said there are four basic ways to participate in investment opportunities in the field of artificial intelligence: the “shovel stock” of data centers to run artificial intelligence workloads; artificial intelligence requires infrastructure “because data is the key to all of this”; cybersecurity companies; and applications that benefit from adding artificial intelligence capabilities. On the “shovel stock” side, Dane is most optimistic about is Maywell Technology, which manufactures data center chips. He pointed out that Marvell Technology's chips ensure fast and efficient distribution of workloads.
Editor/Somer