Friday, 29 August, 2025
Marvell Stock Drops 12% as Weak Data Center Forecast Sparks Investor Panic
Marvell forecasted third-quarter revenue of $2.06 billion ±5%, falling short of analyst expectations of $2.11 billion. Though Q2 revenue of $2.01 billion met estimates, investor sentiment soured as the outlook disappointed markets. The subdued forecast—despite solid year-over-year growth in AI-driven revenue—prompted a sharp decline in Marvell’s stock as AI-focused investors exited positions.
Read full story at Economic Times