💨 Abstract

Marvell Technology's shares had their worst day in over two decades, falling 19.8%, following an in-line revenue forecast that heightened concerns about spending on AI infrastructure. The company's current-quarter revenue forecast did little to alleviate fears about the need for big AI investments, and investors expected a more significant beat from Marvell. Rival chipmakers Broadcom and Nvidia also experienced declines.

Courtesy: theprint.in

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