Marvell Technology reported solid Q4 numbers, with $1.817 billion in revenue, a 27% year-over-year increase, and earnings per share of $0.60. However, the stock’s performance was short-lived as investors expected more upside.
Shares fell 17.3% after the announcement, taking the stock down 41% from its January high. Analysts had anticipated stronger results, particularly from Amazon’s Trainium AI chip orders, which met expectations but failed to exceed them.
Despite this setback, some analysts remain optimistic about Marvell’s potential for long-term growth if it can maintain key AI chip contracts. The company is bullish on its prospects, but the short-term reaction highlights the high bar set by semiconductor stocks currently.
Industry observers will be watching Broadcom’s earnings report closely next, which could provide insight into sector trends and further shape the outlook for Marvell Technology.
Source: https://finance.yahoo.com/news/marvells-stock-just-crashed-17-174627030.html