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Technology

Marvell Misses Q1 Sales 'Whisper Number.' AI Chipmaker's Stock Drops.

Investor's Business Daily
Summary
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Marvell posted a slight beat-and-raise report late Wednesday .

The chipmaker earned an adjusted 60 cents a share, up 30% year over year , on sales of $1.82 billion .

At least 15 Wall Street analysts cut their price targets on MRVL stock after Marvell 's fiscal Q4 report.

In premarket trading, Marvell stock fell more than 17% to 74.10 .