Marvell Technology Reports Strong Results for the Fourth Quarter Thanks to Data Centers! But Still, the Stock Drops Double Digits!
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The American semiconductor producer Marvell Technology (MRVL) published its business figures for the 4th quarter and the fiscal year 2025 on Wednesday, March 5, 2025, after the market closed, managing to slightly beat expectations in revenue, profit, and forecasts for the upcoming quarter. However, the stock plummeted nearly 15% in after-hours trading to below $77, as it is heavily reliant on revenues from data centers. Interested investors may see this significant drop as an opportunity to buy. Revenue growth driven by data center business ...
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