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Marvell Technology Group Ltd. Reports Record Q2 Results Despite Q3 Guidance Below Expectations
Marvell Technology Group Ltd. (NASDAQ:MRVL) posted record-breaking second-quarter results, driven by strong demand for its custom silicon and electro-optics products in artificial intelligence (AI) applications. The company's adjusted earnings per share (EPS) of $0.67 and revenue of $2.01 billion beat analyst estimates. Revenue growth was