Chipmaker Marvell's weak data centre forecast prompts AI investors to dump its stock
Published on: Aug. 29, 2025, 10:06 a.m. | Source: The Economic Times
Marvell Technology forecast quarterly revenue below expectations, sending shares down 12%. Despite a 69% rise in data centre revenue, growth missed estimates. Concerns over its custom ASIC business and reliance on Microsoft and Amazon cloud demand weighed on the outlook. Analysts expect improvement, but diversification may take 12–18 months.
