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    Stock Market Today, Oct. 6: Marvell Stock Is Up as the Company Raises FY2028 Revenue Outlook to $20 Billion

    Marvell Technology stock surged 5.81% on October 6, 2026, after the chipmaker raised its FY2028 revenue guidance to $20 billion (up from $18 billion) and announced a FY2031 target of $70-90 billion in sales with EPS of $30+. The strong guidance reflects robust demand for custom AI chips and networking equipment for data centers, supported by Nvidia's $2 billion investment partnership announced earlier in the year.

  2. Zacks Investment ResearchNa

    Is State Street SPDR S&P Telecom ETF (XTL) a Strong ETF Right Now?

    The State Street SPDR S&P Telecom ETF (XTL) is a smart beta ETF with $551.17 million in assets that tracks the S&P Telecom Select Industry Index. With a 0.35% expense ratio and year-to-date returns of 38.37%, it offers concentrated exposure to the telecom sector but carries medium risk with a beta of 1.17. Cheaper alternatives like VOX (0.09% expense ratio) and XLC (0.08% expense ratio) are available for investors seeking lower-cost options.