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.
Key Takeaways The S&P 500 dropped 1.8% on Thursday, March 6, 2025, as investors reacted to the back-and-forth surrounding U.S ...
Marvell’s latest earnings beat Wall Street’s estimates, but the company’s outlook was roughly in line with expectations.
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The chipmaker fell sharply early Thursday as its slight earnings outlook failed to impress investors looking for a boost to ...
We recently compiled a list of the 10 Stocks Drop Double Digits as Investor Caution Lingers. In this article, we are going to ...
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Despite topping those key guidance metrics, Marvell’s stock fell more than 15% after-hours. This year, investors have been ...
Marvell beat expectations with its latest quarterly results and outlook, but that wasn’t enough to lift the stock.
Marvell shares fell 20% to close at $72.28 in New York trading on Thursday, their biggest single-day decline since Sept. 27, ...
Broadcom's shares soared 12% in premarket trading on Friday as the chipmaker's strong revenue forecast helped restore some ...
The hardest thing about making custom AI chips for large, demanding customers might be the expectations that go with it.
Marvell Technology has demonstrated its first 2-nm silicon IP, enhancing the performance and efficiency of AI and cloud ...
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