Marvell's shares end worst day in 24 years as tepid revenue forecast reignites AI spending fears
Marvell Technology's shares closed down 19.8%, marking their worst day in more than two decades and weighing on rival chipmakers' stocks on Thursday, after an in-line revenue forecast gave investors another reason to be jittery about spending on AI infrastructure as a years-long rally shows signs of cooling.
The chipmaker fell sharply early Thursday as its slight earnings outlook failed to impress investors looking for a boost to ...
Marvell’s latest earnings beat Wall Street’s estimates, but the company’s outlook was roughly in line with expectations.
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Marvell beat expectations with its latest quarterly results and outlook, but that wasn’t enough to lift the stock.
Explore concerns over AI infrastructure spending, market pressures, and Marvell Technology, Inc's potential with 800G PAM & ...
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Despite topping those key guidance metrics, Marvell’s stock fell more than 15% after-hours. This year, investors have been ...
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The AI chipmaker offered an upbeat second-quarter outlook that was a silver lining in the otherwise downtrodden AI trade.
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