Despite upbeat Q4 results, shares of Marvell Technology Inc (NASDAQ: MRVL) fell due to concerns over losing next-gen XPU at Amazon. Analysts keep Overweight/Buy ratings with price targets ranging from $100-$135.

Marvell Technology's shares closed down 19.8%, marking their worst day in more than two decades and weighing on rival chipmakers' stocks on Thursday, after an in-line revenue forecast gave investors another reason to be jittery about spending on AI infrastructure as a years-long rally shows signs of cooling.

The strong results helped to ease concerns about beaten-down AI stocks, which surfaced yesterday after fellow chipmaker Marvell Technology Inc. only just delivered to expectations and fell sharply Thursday morning.

Chipmaker Marvell Technology Inc. delivered better-than-expected results and guidance in its latest financial report today, but investors were decidedly unimpressed, and its stock fell hard in the after-hours trading session.

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Marvell Technology tumbled 16% and dragged down rival chipmakers on Thursday, after an in-line revenue forecast gave investors another reason to be jittery about spending on AI infrastructure, as a years-long rally shows signs of cooling.

Marvell is well-positioned in high-growth areas like AI, data centers, and advanced connectivity. Read why I assign a Buy rating on MRVL stock.

Semiconductor company Marvell Technology (NASDAQ:MRVL) is set to report its fourth quarter earnings result on Wednesday, March 5th, after the closing bell. Wall Street expects the company to report earnings per share of $0.

We recently published a list of Top 10 AI Stocks Dominating the Market Right Now. In this article, we are going to take a look at where Marvell Technology, Inc. (NASDAQ:MRVL) stands against other top AI stocks dominating the market right now.

Chip stocks were struggling on Thursday following the latest earnings report from Marvell Technology. In a pattern that [has become all too familiar for semiconductor investors](

The stock market was poised for another big drop after Marvell Technology’s earnings report sparked further selling in AI stocks. Nasdaq 100 futures dropped 1.4%. S&P 500 futures were down 1.1%. Dow futures were down 0.