Reported about 20 hours ago
Marvell Technology shares saw a significant decline following its Q4 earnings report, despite a remarkable 78% year-over-year increase in data center revenue attributed to strong AI demand. While the overall revenue grew by 27% to $1.82 billion, declines in other segments raised concerns among investors, leading to the stock's plunge. Nevertheless, with a forward P/E ratio of 23 and positive guidance projecting substantial revenue growth in fiscal 2026, analysts suggest that this dip may represent a buying opportunity for investors.
Source: YAHOO