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Shares of Marvell Technology Inc. were falling in after-hours trading on Thursday after the company failed to top expectations with its latest results or offer upside with its guidance.
While Marvell
MRVL was once seen as a darling of the artificial-intelligence trade, the company has struggled to live up to expectations this year, and shares had already fallen 30% on a year-to-date basis in the lead-up to Thursday’s report. The stock dropped another 11% in Thursday’s extended session.
This post was originally published on Market Watch
