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.
Marvell’s latest earnings beat Wall Street’s estimates, but the company’s outlook was roughly in line with expectations.
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 ...
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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 ...
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Nvidia Corp.’s stock was among the many semiconductor stocks moving lower in Thursday morning action, in the wake of Marvell ...
Marvell Technology shares fell sharply lower in early Thursday trading following a solid, but unsurprising, set of fourth ...
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