Marvell Stock Jumps After Big Revenue Goal
Listen to the story
Marvell is a big chip company. Chips go inside computers and phones. Marvell's stock price went up this week.
The company held an investor day. This is a special meeting. Companies tell investors about their future plans.
Marvell's CEO talked about a big new goal. He wants the company to make much more money in the future. This is called a revenue target.
Revenue means the total money a company earns. Marvell's new goal is very big. People think this goal is ambitious.
Jim Cramer is a famous TV man. He talks about stocks on television. He thinks Marvell's next move will be very important.
Cramer says other chip companies will talk about this news. He thinks it could change the whole chip industry.
Many people watched Marvell's stock price. After the investor day, the stock price went up fast. This is called a rally.
Investors felt good about Marvell's new plan. They bought more shares. This made the price rise even more.
Vocabulary9 words
- chip
- small part inside a computer or phone
- investor day
- special meeting about a company's future
- CEO
- the top boss of a company
- revenue target
- a goal for how much money to earn
- ambitious
- very big and hard to do
- stocks
- small parts of a company people can buy
- industry
- all the companies that make the same thing
- stock price
- how much one share costs
- rally
- a fast rise in price
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Quiz
Answer key
1. A chip company 2. A big revenue target 3. True
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Marvell is a big _____ company. Chips go inside computers and phones. Marvell's stock price went up this week.
The company held an _____ day. This is a special meeting. Companies tell investors about their future plans.
Marvell's _____ talked about a big new goal. He wants the company to make much more money in the future. This is called a revenue target.
Revenue means the total money a company earns. Marvell's new goal is very big. People think this goal is _____.
Jim Cramer is a famous TV man. He talks about _____ on television. He thinks Marvell's next move will be very important.
Cramer says other chip companies will talk about this news. He thinks it could change the whole chip _____.
Many people watched Marvell's stock price. After the investor day, the stock price went up fast. This is called a _____.
Investors felt good about Marvell's new plan. They bought more _____. This made the price rise even more.
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