U.S. equities indexes plunged Thursday as U.S. trade policy remained the focus of wary investors.
Semiconductor giant Marvell Technology Inc (NASDAQ:MRVL) shared better-than-expected fourth-quarter earnings and revenue earlier, but also issued a lackluster fiscal first-quarter guidance.
Marvell Technology, Inc. investors took a hammering as the reality kicked in for not being able to deliver a more impressive outlook. Fears of a growth slowdown have percolated the market, with MRVL's growth valuation taking a massive hit. Questions about Marvell's competitive risks, while fair, seem overstated.
Marvell Technology is down over 15% from its high, it's our Chart of the Day. The Investment Committee debate the semis sector.
Marvell Technology shares plummeted more than 17% after the chipmaker's guidance fell short of some higher buyside estimates. Fiscal fourth-quarter results were roughly inline with expectations.
The stock of Marvell Technology (MRVL -18.00%) is getting hit with big sell-offs on Thursday following the company's recent earnings report. The semiconductor specialist's share price was down 17.4% as of noon ET today.
Marvell Technology Group Ltd. (NASDAQ:MRVL) shares plunged as its guidance for the first quarter surpassed estimates but disappointed investors, who had expected stronger AI-driven growth.
Strong data center growth driven by demand for custom AI silicon and next-gen switches aid MRVL's Q4 results.
Investors should read the post earnings decline in Marvell Technology Inc (NASDAQ: MRVL) this morning as an opportunity to buy a quality name at a deep discount, according to Loop Capital analyst Gary Mobley.
Broadcom (AVGO) got beat up ahead of the company's earnings after hours today. CFRA's Angelo Zino makes the case for an earnings recovery that can bandage weakness seen in other chip names.
Shares of Marvell Technology Inc MRVL tanked in early trading on Thursday, despite the company reporting upbeat fourth-quarter results.
There's a “crisis of confidence” on Wall Street when it comes to AI stocks, according to an analyst.