MaxLinear's AI Business Is Growing So Fast It Raised Revenue Expectations Again
MaxLinear (MXL) beats Q2 estimates with $168.8M in revenue, but stock dips premarket after a massive year-to-date rally.
MaxLinear made more money than people expected, especially from AI work, so they think future sales will be bigger. Even though this is great news, the stock price dropped a bit before the market opened, which might mean people are taking a break after its big climb this year.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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