🔴 Marvell Technology is trading 8.06% down today as investors focus on delayed Google AI-chip revenue

Marvell Technology is trading 8.06% down now at $16.66 as investors focus on the delayed timing of revenue from its Google AI-chip agreement.

• Fiscal 2027 revenue forecast increased to roughly $12 billion.
• Fiscal 2028 revenue forecast raised to approximately $18 billion.
• Investors expected greater near-term benefit from the Google deal; management said meaningful contribution arrives in fiscal 2029.