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MaxLinear Inc. (NASDAQ:MXL) is one of the 10 Stocks With Double-Digit Returns.

MaxLinear extended its winning streak to a 9th straight session on Monday, to hit an over two-year high, as investors resumed buying positions ahead of its earnings performance for the first quarter of the year, with revenues expected to grow by high double digits.

In intra-day trading, the stock climbed to its highest price of $33.13 before paring gains to finish the session just up by 20.78 percent at $31.73 apiece.

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In a notice to investors, MaxLinear Inc. (NASDAQ:MXL) said that it would release its financial and operating highlights for the period after market close on Thursday, April 23. A conference call will be held to elaborate on the results.

For the said quarter, MaxLinear Inc. (NASDAQ:MXL) is expected to report a 35.5 percent to 46 percent growth in its revenues to a range of $130 million to $140 million, versus $95.9 million previously.

Gross margin is expected at 56 to 59 percent on a GAAP basis, and at a non-GAAP of 58 to 61 percent.

In other news, MaxLinear Inc. (NASDAQ:MXL) late last month announced a new addition to its industrial connectivity portfolio with the launch of the MxL8323x family of RS-485/RS-422 half-duplex transceivers.

The product was designed to deliver scalable data rates up to 50Mbps, robust ESD and EFT protection, and wide voltage compatibility for electrically harsh industrial applications.

While we acknowledge the risk and potential of MXL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MXL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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