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Marvell Technology exceeded Q3 expectations, announcing a $3.25 billion acquisition of Celestial AI. The acquisition will strengthen Marvell's role in the generative AI race. Marvell reported record Q3 sales of $2.07 billion, a 37% increase from last year, and Q3 EPS of $0.76, a 77% increase from last year. The company provided upbeat guidance, with full-year revenue growth exceeding 40%. Marvell's stock is trading at a reasonable 32X forward earnings multiple, making it a buy.

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