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.

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Source Fool.com