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(Bloomberg) – Marvell Technology Inc. The fall of the worst shares, which is more than two decades after the income forecast, which is short of the highest estimates, disappointed investors looking for a larger than the AI boom.
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In the first quarter of the financial first quarter of April, sales will be about $ 1.88 billion, he said on Wednesday. Although in accordance with the average analytical estimate, some forecasts have changed to $ 2 billion.
Marvell’s shares fell to $ 72.28 in New York Trade on Thursday, their largest disconnection since September 27, 2001. Drops in 2025 decreased by 35%.
Marvell was seen as a basic beneficiary person, and it increased the expectations for ChipMaker. Three months ago, the company gave better results than expected to bring their shares to the record.
Santa Clara, the company located in California, provides chip design services that help the main technological customers develop their data center semiconductors. It has made an effort to produce processors aimed at making computer networks delicate computer networks for hyperscalers, artificial intelligence software and services. Amazon.com Inc. is one of the largest customers of Marvell, compiled by Bloomberg.
Companies related to AI have drew a shareholder this year because investors were worried after they were worried about their expenses. China Beginner DeepSeek has released an AI model, which claims that the industry is relatively low to produce, and added that the industry is relatively inexpensive to provide very expensive equipment.
“Investors have already been a very ‘skittish’ about EU names, last few weeks,” Svanberg, an analytical tore in Stifel Finance Corp., said in a note. Marvell’s report “probably does not help calm these nerves.”
Broadcom Inc, another ChipMaker attached to the AI growth, fell after Marvell’s results. In the post-work trade, its shares decreased by 3.5%. Broadcom is preparing to deliver a quarterly report on Thursday.
Marvell is waiting to earn up to 66 kopecks from 56 kopecks in the first quarter, except for some items. Analysts predicted 60 cents.
Gains increased to 60 cents on the fourth quarter. Analysts had postponed 59 cents. The revenue rose to $ 2.8 billion with a projection, 27% and $ 1.8 billion.
