https://www.live-feeds.com/feed/marvell-stock-surges-after-company-raises-2028-revenue-outlook-to-20-billionContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/marvell-stock-surges-after-company-raises-2028-revenue-outlook-to-20-billionhttps://www.live-feeds.com/feed/marvell-stock-surges-after-company-raises-2028-revenue-outlook-to-20-billion#u112187Fri, 09 Oct 2026 13:27:25 +0000Marvell Technology shares surged following an investor day presentation where the custom silicon designer raised its fiscal year 2028 revenue outlook to about $20 billion, beating Wall Street estimates. The company also outlined a long-term goal pointing to as much as $90 billion in annual sales by fiscal 2031, driven by accelerating artificial intelligence infrastructure buildout and strong demand for data center chips. The guidance boost pushed the stock toward the $300 barrier and prompted an upgrade from TD Cowen.Why it mattersMarvell operates as a semiconductor developer headquartered in