UPDATE—Aug. 29, 2024: This article has been updated to reflect more recent share price information.

Marvell Technology (MRVL) is set to report second-quarter results for fiscal 2025 after the bell Thursday, with investors likely to be watching for signs the semiconductor tech company could be poised for a turnaround in sales and updates on its 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) initiatives.

Analysts project second-quarter revenue of $1.25 billion, down from $1.34 billion a year ago, according to estimates compiled by Visible Alpha. The company is expected to post a net loss of $159.45 million or 18 cents pe🌄r share, narrowing from the year-ago pe✨riod.

Key Metrics: Signs of a Sales Bottom

Investors are likely to be watching for signs that the company has reached the bottom of its recent decline in sales, as strength in its data center segment has 澳洲幸运5官方开奖结果体彩网:struggled to offset weakness in its other areas.

Deutsche Bank analysts expect roughly flat sequential performance across Marvell's non-data center businesses, Carrier, Enterprise Networking, and Auto/Industrial, with an "uncertain pace of recovery" in the second half of the year.

Rosenblatt analysts said they believe the company has "reached a cyclical bottom," with the AI business trajectory poised to gain in the long term.

Business Spotlight: AI Opportunity

Investors will likely be watching for updates on Marvell's Data Center segment and its position in the AI landscape.

Rosenblatt analysts expect Marvell management to reiterate expectations that AI sales will exceed $1.5 billion in fiscal 2025 an𓂃d $2.5 billion in fiscal 2026.

Marvell shares were up nearly 4% at $71.06 in Thursday afternoon trading, ahead of the company's earnings release. They've gained close to 18% since the start of the year.