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Nvidia Corp.’s stock was among the many semiconductor stocks moving lower in Thursday morning action, in the wake of Marvell Technology Inc.’s earnings report which has put
a further dent in the artificial-intelligence trade.
About three months back, Marvell MRVL appeared to cement itself as an AI darling, thanks in part to a multiyear contract with Amazon.com Inc. that some analysts thought would set the company up on a much better growth path. With that backdrop, hopes were high heading into Marvell’s report, and the company’s slim beats with its results and outlook weren’t enough for Wall Street.
This post was originally published on Market Watch
