Despite upbeat Q4 results, shares of Marvell Technology Inc (NASDAQ: MRVL) fell due to concerns over losing next-gen XPU at Amazon. Analysts keep Overweight/Buy ratings with price targets ranging from $100-$135.
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.
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Stock market opens lower amid tariff uncertainty and new artificial intelligence fears
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Marvell Stock Drops 15% as the Artificial Intelligence (AI) Chipmaker's Guidance Disappoints Investors
Marvell's first-quarter forecast disappoints investors, shares drop
By Priyanka G (Reuters) -Marvell Technology forecast first-quarter revenue in line with Wall Street estimates on Wednesday, but its shares plunged 15% in extended trading as it failed to excite investors who expected sharper artificial intelligence-driven growth.
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Marvell Technology tumbled 16% and dragged down rival chipmakers 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.
Marvell is well-positioned in high-growth areas like AI, data centers, and advanced connectivity. Read why I assign a Buy rating on MRVL stock.
Semiconductor company Marvell Technology (NASDAQ:MRVL) is set to report its fourth quarter earnings result on Wednesday, March 5th, after the closing bell. Wall Street expects the company to report earnings per share of $0.
We recently published a list of Top 10 AI Stocks Dominating the Market Right Now. In this article, we are going to take a look at where Marvell Technology, Inc. (NASDAQ:MRVL) stands against other top AI stocks dominating the market right now.
Chip stocks were struggling on Thursday following the latest earnings report from Marvell Technology. In a pattern that [has become all too familiar for semiconductor investors](
The stock market was poised for another big drop after Marvell Technology’s earnings report sparked further selling in AI stocks. Nasdaq 100 futures dropped 1.4%. S&P 500 futures were down 1.1%. Dow futures were down 0.
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