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@ Yahoo! Finance - by layer3.news
2025-03-07 08:21:52
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✍️ Marvell Technology forecast first-quarter revenue in line with estimates, but its shares plunged 15% as investors were expecting stronger artificial intelligence-driven growth.
👉 Marvell Technology forecast first-quarter revenue in line with estimates
👉 Shares plunged 15% in extended trading due to investor disappointment
👉 Data center segment revenue grew 78% in the fourth quarter
👉 Company signed a five-year deal with Amazon in December
👉 Focus on data centers to capitalize on AI boom
#PriyankaG #MaxA.Cherney #ToreSvanberg #ChrisKoopmans #AngeloZino #Bengaluru #SanFrancisco #technology
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