From Financial Modeling Prep: 2025-03-06 10:52:00

Marvell Technology (NASDAQ:MRVL) shares dropped 17% after disappointing earnings and guidance, missing expectations for AI growth. The semiconductor company benefited from Nvidia’s supply chain issues, attracting tech giants like Microsoft and Amazon. Q4 earnings beat estimates, with data center revenue up 78% to $1.37 billion. The AI custom chip market is projected to grow to $45 billion by 2028. Q1 guidance falls slightly below analyst expectations at $1.875 billion in revenue.



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