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Chipmaker Marvell jumps as Q3 revenue forecast tops Wall Street estimates



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** Chipmaker Marvell Technology's MRVL.O shares rise about 9% to $76.36, in afternoon trade

** After market on Thursday, MRVL forecast Q3 revenue above Wall Street estimates on the back of strong demand for its electro-optics products and an increase in custom AI programs

** Company sees Q3 revenue to be $1.45 bln, plus or minus 5%, compared with ests. of $1.40 bln - LSEG data

** At least six brokerages raise PTs on the stock after results

** MRVL reported Q2 revenue of $1.27 bln, beating expectations of $1.25 bln

** Company's Q2 adjusted EPS of 30 cents was in line with Wall Street expectations

** Including session gains, stock up ~27% YTD



Reporting by Manya Saini in Bengaluru

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