Marvell Revenue Miss Concerns
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Marvell TechnologyReuters
•Technology
Technology
Marvell's tepid revenue forecast reignites AI spending fears, shares slump

80% Informative
Marvell tumbled 16% and dragged down rival chipmakers after in-line revenue forecast.
Wall Street had looked to earnings from Marvell for signs of enduring demand that has powered U.S. market gains since ChatGPT ignited the generative AI boom in late 2022 .
The chip sector has also taken a hit from the tariffs imposed by President Donald Trump on countries including China .
Marvell exceeded its fiscal 2025 target of $1.5 billion in AI revenue.
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