Marvell Technology is trading 7.16% down now at ARS 25680.00 after investors questioned whether its new Google AI-chip agreement will accelerate growth soon enough.
- Reuters reported shares fell more than 6% after-hours on August 27 despite stronger fiscal 2027 and 2028 revenue forecasts.
- The company reported second-quarter revenue of $2.74 billion and adjusted profit of $0.94 per share, both above estimates; management said Google-related revenue would contribute more significantly in fiscal 2029.