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Marvell shares fall more than 7% on concerns over delayed Google AI revenue

MarketWatch +3 ·

MRVL Marvell Technology Inc
$271.25 -0.38%
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  1. 1Marvell Technology (MRVL) shares fell more than 7% in early trading Friday
  2. 2Chip deal with Google (GOOGL) worth up to $120 billion through fiscal 2033... major impact not seen until fiscal 2029
  3. 3Fiscal 2027 and 2028 revenue outlook raised to roughly $12 billion and $18 billion, but investors focused on timing of Google revenue

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