Marvell Technology Group is trading 5.77% down now at $227.52 as investors focused on delayed revenue from its Google custom-AI chip partnership, overshadowing better-than-expected quarterly results.
- Reuters reported meaningful Google-related revenue is expected to contribute more significantly in fiscal 2029.
- CNBC said the raised fiscal 2028 outlook still failed to meet elevated expectations.
- The broader semiconductor sector also softened alongside the decline.