Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Marvell Technology Sank Today

TheMotleyFool

0 0

Why Marvell Technology Sank Today: https://g.foolcdn.com/editorial/images/779250/gettyimages-1369513230.jpg

Shares of semiconductor up-and-comer Marvell Technology (NASDAQ: MRVL) sank 10.5% on Friday.

Thanks to its networking portfolio and custom ASIC (application-specific integrated chip) business, Marvell has seen bullish sentiment from investors recently. Some believe it will become a key player in the artificial intelligence (AI) race.

However, the purely AI-related portion of Marvell's business apparently didn't live up to the hype in its first-quarter results reported Thursday evening.

Source Fool.com

Like: 0

MRVL

Share