Marvell Tech Faces 12% Earnings Swing as Options Market Bets on Big Move

Marvell Technology Inc., maker of specialized AI chips and optical networking equipment, is set to release its second-quarter earnings on August 27. The options market predicts a significant price swing after the announcement, with investors anticipating a 12.4% move up or down.

This volatility comes as no surprise given Marvell's impressive year-to-date performance. Shares have surged over 196% in 2023, driven by high demand for its products and a strengthened partnership with Alphabet Inc.

Wall Street analysts forecast the company to post earnings of $0.93 per share, a 39% increase from last year's results. Revenue is expected to grow by 35% to $2.71 billion, with investors closely watching data-center growth and guidance.