2 Reasons Marvell Technology Could Keep Getting Better

Marvell Technology Group (NASDAQ: MRVL) is showing no signs of slowing down. Shares of the chipmaker jumped more than 7% after it reported its latest results in late August, topping Wall Street estimates thanks to a strong performance by the company's storage business. Shares have continued to rise since then and the stock is up about 30% so far this year.

But investors who have missed Marvell Technology's rise so far in 2017 shouldn't feel they've missed out. The company is well-placed to ride secular growth trends in the storage and the automotive end markets, which could boost its revenue and earnings. Let's take a look at how these two areas are going to impact Marvell's fortunes.

Image source: Marvell Technology.

Source: Fool.com