Marvell (MRVL) Declines After Revenue Forecast Falls Short of Loftiest Estimates
Marvell Technology Inc. declined in late trading after delivering a revenue forecast that fell short of the highest estimates, disappointing investors who were looking for a bigger payoff from the AI boom.Sales will be about $1.88 billion in the fiscal first quarter, which runs through April, the chipmaker said in a statementBloomberg Terminal Wednesday. Though that was in line with the average analyst estimate, some projections ranged as high as $2 billion....
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