Author: Daniel snow

In a Tuesday interview with CNBC’s Jim Cramer, Marvell Technology CEO Matt Murphy dismissed reports suggesting his company lost business from high-profile customers.”I can tell you this, from Tuesday to Friday, nothing changed,” Murphy said, referring to two reports that cropped up days after its earnings report. “We didn’t lose any business.” The semiconductor company beat the estimates last Tuesday and indicated demand for data center products will be strong over the next year. Marvell also announced plans to buy Celestial AI. The deal is worth at least $3.35 billion, and it could help Marvell scale its chip business. The…

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