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Why Marvell Technology Stock Can Shoot Higher

TheMotleyFool

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Why Marvell Technology Stock Can Shoot Higher

Marvell Technology Group's (NASDAQ: MRVL) fiscal 2022 second-quarter results turned out to be better than expected thanks to impressive growth across all of its business segments. The data center, carrier infrastructure, and the enterprise networking businesses stood out in particular, which wasn't surprising as Marvell is benefiting from a bunch of catalysts in these areas, such as the rollout of 5G networks, the need for faster networking solutions, and an increase in data center storage.

Marvell's guidance was also robust, indicating that it has more upside to offer.