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Why Marvell Technology Stock Was Sliding Today

02:03pm, Friday, 08'th Mar 2024
Marvell matched fourth-quarter estimates but missed on guidance. Its data-center segment is growing rapidly with the help of AI demand.
Shares of Marvell Technology (MRVL) slipped 7% Friday, a day after the maker of integrated circuits posted a weaker-than-expected first-quarter outlook as soaring demand for artificial intelligence (A
Investors were disappointed with the financial guidance, while analysts channeled a more long-term and upbeat view.
Marvell's (MRVL) Q4 earnings gain from strength in the Data Center end market on growth across AI and cloud infrastructure.
Nvidia stock extends a spectacular run that has seen it quadruple in value over the past 12 months.
Marvell Technology's AI-related revenue is growing at a stronger-than-expected pace thanks to the improving demand for custom AI chips. AI could help The Trade Desk keep growing at a faster pace than
Marvell Technology, Inc. (NASDAQ:MRVL ) Q4 2024 Results Conference Call March 7, 2024 4:30 PM ET Company Participants Ashish Saran - Senior Vice President, Investor Relations Matt Murphy - President,
While the top- and bottom-line numbers for Marvell (MRVL) give a sense of how the business performed in the quarter ended January 2024, it could be worth looking at how some of its key metrics compare
Marvell Technology (MRVL) came out with quarterly earnings of $0.46 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.46 per share a year ago.
Marvell Technology (MRVL) reported fourth-quarter results that were in line with Wall Street expectations. Adjusted earnings per share of $0.46 matched the $0.46 estimate.
The company's shares fell 10.2% to $76.41 in post-market trading following earnings.
Mizuho analyst Jordan Klein is cautious about the persistent gains of chip stocks. He sees year-end prices higher than now, but warns profit-taking in the near term could weigh on stocks.

Huge News for Marvell Stock Investors

05:00am, Wednesday, 06'th Mar 2024
Marvell Technology is experiencing a tailwind from the rising effectiveness of artificial intelligence.
Marvell's (MRVL) Q4 performance is likely to have been negatively impacted by softness in its product demand as enterprises are postponing their large IT spending plans amid macroeconomic uncertaintie
Marvell Technology won a price target hike from B. Riley on Monday.
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