Marvell’s AI Ambitions Face Reality Check as Shares Plunge

Marvell Technology Inc., a semiconductor specialist once celebrated as a prime beneficiary of the artificial intelligence boom, saw its market value plummet nearly 19% on Friday following disappointing forward guidance from its chief executive. Despite reporting record quarterly results with revenue surging 58%, the company’s outlook sparked a dramatic selloff that has investors questioning the sustainability of AI-driven growth stories.

The chipmaker delivered what should have been celebratory results for its Read more...