Marvell Technology tops fourth-quarter earnings estimates but the stock tumbles as in-line guidance disappoints investors, Broadcom slumps ahead of the release of quarterly earnings, and MongoDB falls sharply on a weaker-than-expected fiscal-year outlook.
The company had already begun constructing three plants in Arizona after the Biden administration offered billions in subsidies.
Nvidia on Wednesday reported a surge in fourth-quarter profit and sales as demand for its specialized Blackwell chips that power artificial intelligence systems continued to grow
President Trump and Taiwan Semiconductor Manufacturing announced a $100 billion company investment in Phoenix. The deal could have broad significance.
Nvidia (NVDA) and Broadcom (AVGO) are reportedly running manufacturing tests with Intel (INTC), sending shares in the chip manufacturing