Marvell Stock Falls Despite Surging Data Center Sales

TLDR MRVL stock has fallen more than 31% from its year-to-date high. Second-quarter revenue rose 37% to $2.73 billion. Data center revenue jumped 46% to a record $2.17 billion. Management expects third-quarter revenue of about $3.15 billion. Marvell secured a $12.2 billion custom chip deal with Google. Marvell Technology (MRVL) stock has fallen more than [...]

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