1. MRVL reported Q4 revenues of $1.82 billion, beating estimates. 2. Analysts reduced price targets, citing concerns over future guidance. 3. Datacenter revenue surged 78% YoY driven by AI demand. 4. Investors worried about the loss of key contracts with Amazon. 5. Shares dropped 18.22% despite optimistic future revenue projections.
The significant drop in stock price indicates investor disappointment, despite positive earnings. Investors often react negatively to lowered guidance, a common historical pattern amongst tech stocks.
The article contains critical information about MRVL’s financial performance, analyst opinions, and future growth expectations, all of which directly affect investor sentiment and stock performance.
Immediate concerns on future earnings guidance are likely to overshadow medium to long-term potentials. While AI revenue may grow, it won't mitigate the current stock drop promptly.