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Shares of Marvell Technology Inc. were falling more than 7% on Friday, with investors looking past the company’s
in-line fiscal first-quarter results and instead focusing on lingering questions about the its business with Amazon.com Inc. and Microsoft Corp.
On the company’s earnings call Thursday, Chief Executive Matthew Murphy said revenue for Marvell’s MRVL custom chips business is “benefitting from revenue contributions across multiple programs.”
This post was originally published on Market Watch
