Marvell Technology's 5G Catalyst Is Ramping Up
Marvell Technology (NASDAQ: MRVL) has taken a hit thanks to the U.S. ban on doing business with Huawei. The chipmaker issued weaker-than-anticipated fiscal second-quarter guidance at the end of May because it had to take any Huawei-related business out of the equation.
But this hasn't dented investor confidence in Marvell Technology stock. That's probably because investors realize the ban won't be a big deal for the company. After all, the Chinese corporation's percentage contribution to Marvell's top line is only in the mid-single digits.
More importantly, Marvell is sitting on an attractive opportunity that could boost its results sooner rather than later.
Quelle Fool.com
