Marvell Technology shares rose after the company reported second-quarter results above estimates, raised its combined two-year revenue outlook to $30 billion from $23.5 billion and highlighted accelerating artificial-intelligence infrastructure demand. Second-quarter revenue rose 37% year over year to $2.74 billion, compared with the $2.71 billion consensus, while adjusted earnings reached 94 cents per share versus 92 cents expected and operating cash flow was $605.5 million. Marvell forecast third-quarter revenue of $3.15 billion, plus or minus 5%, and adjusted earnings of $1.10 per share, plus or minus 5 cents, above estimates. The company now expects about $12 billion of revenue this year and $18 billion next year, with more than $15 billion of next year’s revenue projected from data centers. Shares rose 0.46% to $226.45 in Wednesday’s premarket session after previously gaining 2.8% to $229.80, while the stock’s elevated valuation remained a risk. Marvell plans to present a new four- to five-year roadmap on Oct. 6.