35 Chip Stocks In Focus Amid Tech Selloff

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9. Marvell Technology, Inc. (NASDAQ:MRVL)

Number of Hedge Fund Holders: 70    

Marvell Technology, Inc. (NASDAQ:MRVL) makes and sells semiconductors. In the earnings of the fourth quarter, the company reported $5.5 billion in net revenue, reflecting strong overall sales for fiscal 2024. In January, the company announced the advancement of its custom XPU architecture with co-packaged optics (CPO) technology. The firm is also extending its custom silicon leadership by enabling customers to seamlessly integrate CPO into their next-generation custom XPUs and scale up the size of their AI servers from tens of XPUs within a rack, currently using copper interconnects, to hundreds across multiple racks using CPO. The innovative architecture enables cloud hyperscale to develop custom XPUs that achieve higher bandwidth density.

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