Marvell Technology's stock fell 6% to $219.28 as rising Treasury yields pressured the semiconductor sector, reversing part of its 176% rally in 2026. This decline comes despite a bullish UBS report highlighting strong AI infrastructure demand from major cloud companies like Google, Meta, and Amazon, and growth potential in Marvell's custom silicon and optical products. The selloff reflects broader market concerns over higher borrowing costs impacting high-growth tech stocks with future earnings. Marvell's fiscal Q3 2026 earnings report is due August 27, with investors watching for validation of UBS's growth projections and the impact of cloud spending trends on the stock.
Marvell Technology's shares rose 13% after announcing a $12.18 billion warrant issued to Google as part of a deal to develop custom AI chips. This deal positions Marvell as a key supplier for Google's AI chip roadmap, challenging incumbent Broadcom, ...
Technology stocks are experiencing a rotation today with software ETFs like iShares Expanded Tech-Software ETF (IGV) up 0.6%, while semiconductor ETFs such as iShares Semiconductor ETF (SOXX) fall about 5.4%. This shift is driven by mixed signals on ...
Fabrinet's shares fell about 20% after it reported record Q4 revenue and earnings that beat expectations but gave cautious guidance for Q1, signaling slower growth ahead. The stock's decline also reflects broader market concerns about AI infrastructu...
AI networking stocks like Marvell Technology and Credo Technology jumped sharply following a Mizuho research note highlighting a strong ramp in VR200 optical technology, which boosts data center connectivity and bandwidth. This growth benefits compan...
Lumentum's stock jumped 14% following a strong fiscal Q4 report showing revenue up 109% year over year and better-than-expected earnings. The company highlighted growing demand for co-packaged optics from NVIDIA, expected in late 2027, and expanding ...
