Why Marvell Technology Stock Is Plummeting Today
The stock of Marvell Technology (NASDAQ: MRVL) is getting hit with big sell-offs on Thursday following the company's recent earnings report. Sell-offs for Marvell after earnings are also triggering valuation pullbacks for other artificial intelligence (AI) and semiconductor stocks.
Marvell beat expectations with its latest quarterly results and outlook, but that wasn’t enough to lift the stock.
The hardest thing about making custom AI chips for large, demanding customers might be the expectations that go with it.
After investors poured into semiconductor stocks last year, expectations are high, and companies are having trouble making ...
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Marvell Technology (NASDAQ:MRVL) was in focus on Thursday as Wall Street digested the semiconductor company's fourth-quarter results and guidance, with some analysts pointing out “good wasn't ...
Marvell Technology's shares closed down 19.8%, marking their worst day in more than two decades and weighing on rival ...
The chipmaker fell sharply early Thursday as its slight earnings outlook failed to impress investors looking for a boost to ...
Chinese companies are continuing to make big strides in artificial intelligence, as Alibaba (BABA) unveiled its latest ...
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