Marvell with 46% growth in data centers and expansion for agent-based AI! Margin pressure slows the stock!
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Revenue expectation exceeded: Record revenue climbs 37% to $2.74 billion in Q2 2027, surpassing market forecasts Data centers dominate: Data center segment grows by 46% to $2.17 billion, while Communications & Other rises modestly by 10% Upgrade of revenue forecast: For 2028, now $18 billion is expected, but the stock drops nearly 8% in after-hours trading to $222.62 Marvell Technology (MRVL) delivered solid results for Q2. However, the stock fell nearly 8% in after-hours trading to $222.62. The main reason lies in the high valuation...
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