Shares of Marvell Technology (NASDAQ: MRVL) dropped 10.5% due to disappointing AI-related results in the first quarter. Revenue declined 12% to $1.16 billion, with data center revenue increasing by 87% while other segments saw significant declines. Despite this, management remains optimistic about future growth, especially in the data center segment.

Read more at Nasdaq: Why Marvell Technology Sank Today