Marvell's first-quarter forecast disappoints investors, shares drop

Quick Summary:

Marvell Technology forecast first-quarter revenue in line with Wall Street estimates on Wednesday, but its shares plunged 15 per cent in extended trading as it failed to excite investors who expected sharper artificial intelligence-driven growth.

The demand and resulting shortage of AI chips have driven up the prices of Nvidia's AI processors.

This strategic shift has also benefited other chipmakers such as Marvell and Broadcom.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Wednesday Marvell Revenue Forecast Cent Billion First-quarter Data Trading Shares Extended

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-06 @ 05:12:11 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 362 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 26688635

View Article Analysis

About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 57 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 53 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

Frequently Asked Questions