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Marvell Names Dan Durn CFO As AI Infrastructure Growth Meets Rich Valuation
Simply Wall St.65d agoneutral
Marvell Names Dan Durn CFO As AI Infrastructure Growth Meets Rich Valuation

Marvell Technology (NasdaqGS:MRVL) has appointed former Adobe CFO Dan Durn as its new Chief Financial Officer. Durn will succeed Willem Meintjes and is stepping down from Marvell's board to move into the executive role. Marvell focuses on semiconductor solutions for data infrastructure, with exposure to data centers, carrier networks, enterprise hardware, and other high performance computing uses. Investor attention around the company has increased as AI infrastructure build outs have...

Reuters65d agoneutral
Marvell names Adobe's Dan Durn as finance chief amid growing AI demand

Marvell Technology on Thursday named Adobe's Dan Durn as chief financial ‌officer, succeeding Willem Meintjes, who is stepping ‌down after more than three years in the role. Durn ​will take charge at Marvell starting June 15, while Meintjes will remain with the semiconductor company in an advisory role through April 2027 to ‌support the transition. The ⁠appointment comes as Marvell looks to benefit from a surge in spending on ⁠AI-related data center infrastructure, which has boosted demand for advanced networking and custom chip technologies.

Applied Materials (AMAT) Is One Of the Best High-Bandwidth Memory Stocks To Buy
Insider Monkey65d agobullish
Applied Materials (AMAT) Is One Of the Best High-Bandwidth Memory Stocks To Buy

Applied Materials, Inc. (NASDAQ:AMAT) is one of the 10 Best High-Bandwidth Memory (HBM4) Value Chain Stocks to Buy According to Hedge Funds. On June 4, Evercore ISI analyst Mark Lipacis reiterated a Buy rating on Applied Materials Inc. (NASDAQ:AMAT) and also assigned a target price of $515 to the stock. In addition to Evercore, two […]

Applied Materials’ (AMAT) Result Signals Clear Growth Inflection
Insider Monkey65d agoneutral
Applied Materials’ (AMAT) Result Signals Clear Growth Inflection

Guinness Global Innovators, an investment management company, recently released its Q1 2026 quarterly investor update for its “Guinness Global Innovators Fund”. A copy of the letter is available to download here. The Guinness Global Innovators Fund focuses on investing in global companies that benefit from innovation in technology, communication, globalization, and management strategies. In Q1 […]

Investing.com66d agoneutral
Citi names Broadcom, Texas Instruments, and Applied Materials top chip picks

Investing.com -- As the semiconductor sector navigates a massive market rally, Wall Street is increasingly looking to separate the core secular winners from short-term cyclical plays. In a fresh assessment of the industry, Citigroup analyst Atif Malik reiterated that a recent pullback in the broader semiconductor group is entirely healthy. To capitalize on this temporary pause, Malik maintained Broadcom Inc (NASDAQ:AVGO), Texas Instruments Incorporated (NASDAQ:TXN), and Applied Materials Inc (NA

SMH vs. SOXX: Which Semiconductor ETF Is the Smarter Chip Bet?
24/7 Wall St.66d agoneutral
SMH vs. SOXX: Which Semiconductor ETF Is the Smarter Chip Bet?

The VanEck Semiconductor ETF (NASDAQ:SMH) and the iShares Semiconductor ETF (NASDAQ:SOXX) appear to be substitutes on a fund screener. Both promise pure-play chip exposure, both charge roughly the same fee, and both ride the same AI cycle. The reason the choice still matters is that their indexes draw different lines around what counts as a ... SMH vs. SOXX: Which Semiconductor ETF Is the Smarter Chip Bet?

How Record Margins, AI Demand Visibility and Singapore Expansion At Applied Materials (AMAT) Has Changed Its Investment Story
Simply Wall St.67d agoneutral
How Record Margins, AI Demand Visibility and Singapore Expansion At Applied Materials (AMAT) Has Changed Its Investment Story

In recent days, Applied Materials reported record quarterly revenue and its highest gross margin in more than two decades, raised its semiconductor equipment growth outlook to above 30% for 2026, and continued expanding in Singapore with a new Tampines Campus and plans to increase its Southeast Asia workforce by about 1,000 employees. The company also reinforced its capital returns with a US$0.53 quarterly dividend and nine consecutive years of dividend increases, while deepening its role in...

Stocks Climb on an AI-Led Rebound
Barchart67d agoneutral
Stocks Climb on an AI-Led Rebound

The S&P 500 Index ($SPX ) (SPY ) today is up +0.93%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.89%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.17%. June E-mini S&P futures (ESM26 ) are up +0.76%, and June E-mini Nasdaq futures...

Applied Materials, Inc. (AMAT) Eyes Growing Southeast Asia Workforce by 25%
Insider Monkey67d agoneutral
Applied Materials, Inc. (AMAT) Eyes Growing Southeast Asia Workforce by 25%

Applied Materials, Inc. (NASDAQ:AMAT) is one of the 10 Best AI Stocks to Buy in June. On June 3, Nikkei Asia reported that Applied Materials is targeting a 25% expansion of its Southeast Asia workforce this year, noting the region’s increasingly vital role in its manufacturing and research and development operations. The company is seeking […]