Marvell stock slumps 16% after data center revenue, forecast disappoint
Marvell Technology Group Ltd. headquarters in Santa Clara, California, US, on Friday, Sept. 6, 2024. Shares of Marvell Technology plunged 15% 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: Earnings per share: 67 cents adjusted vs. 66 cents expected 67 cents adjusted vs. 66 cents expected Revenue: $2.01 billion vs. $2.01 bi