Marvell Technology (NASDAQ: MRVL) doesn't want to be left out of the artificial intelligence (AI) race that larger peer Nvidia has sparked. Tapping into the power of simply mentioning the word "AI" on earnings calls, Marvell management talked up its own work on chips for generative AI services like ChatGPT -- and if its financial guidance is to be believed, all this could be a big deal for Marvell too. 

The news helped the stock price jump over 40% higher in the last week alone, but could Marvell soar even higher in the years ahead?  

Marvell reported revenue of $1.32 billion in its first quarter of fiscal 2024 (the three months ended in April), a 9% year-over-year decline. Revenue is expected to be just slightly higher in Q2, $1.33 billion at the midpoint of guidance, as Marvell continues to help its enterprise customers (non-cloud data centers) digest excess inventory of components.  

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Source Fool.com