Marvell stock slumps 18% after chipmaker's data center revenue, forecast disappoint
Shares of Marvell Technology plunged 18% on Friday after the artificial intelligence chipmaker's data center revenue fell short of estimates and it gave lackluster guidance for the current quarter. Here's how the company did in comparison with LSEG consensus estimates: Earnings per share: 67 cents adjusted vs. 66 cents expected 67 cents adjusted vs. 66 cents expected Revenue: $2.01 billion vs. $2.01 billion expected Revenue jumped 58% from a year ago in the fiscal second quarter that ended A