From Yahoo Finance: 2025-05-29 08:15:00

Fred Alger Management released its “Alger Mid Cap Focus Fund” first quarter 2025 investor letter, addressing the increased volatility in U.S. equities due to shifting policies and the rise of advanced AI models from China. The Fund underperformed the Russell Midcap Growth in the quarter, leading to concerns over domestic AI returns. Marvell Technology, Inc. (NASDAQ: MRVL) was highlighted in the letter, offering data infrastructure semiconductor solutions. Marvell’s stock closed at $64.59 per share on May 28, 2025. Despite challenges, Alger Mid Cap Focus Fund believes Marvell is positioned to capitalize on long-term growth trends in various sectors.



Read more at Yahoo Finance: Marvell Technology (MRVL) Slid as Revenue Guidance Fell Short of Expectations