Marvell Technology is trading at ARS 23210.00 (-4.05%) now after investors focused on the delayed payoff from its major Google custom-AI-chip agreement.

  • Meaningful Google-related revenue is expected mainly in fiscal 2029, despite stronger forecasts.
  • Marvell exceeded fiscal second-quarter expectations and raised fiscal 2027 and 2028 targets, but timing disappointed investors.
  • Broader semiconductor weakness and rising yields are adding pressure to high-growth technology shares.