Xin Lang Cai Jing·2025-12-10 00:32Core Viewpoint - Marvell Technology's CEO Matt Murphy denied reports of losing major clients, emphasizing the company's strong relationships with key players in the data center sector and reaffirming a positive outlook for the current quarter [1][2][3] Financial Performance - Marvell Technology reported earnings that exceeded expectations, indicating strong demand for data center products in the coming year [1][2] - The company announced plans to acquire Celestial AI for at least $3.35 billion, aimed at expanding its chip business, which positively impacted its stock price [1][2] Market Reaction - Following reports of losing business with Amazon and Microsoft, Marvell's stock experienced a decline, dropping 3.37% on Tuesday [1][2] - Despite the stock's recent dip, Murphy highlighted that the current stock price presents a significant buying opportunity, as it is trading below average multiples compared to the semiconductor index [2][3] Business Relationships - Murphy stated that Marvell maintains strong, critical relationships with all major U.S. hyperscale companies, reinforcing the stability of its data center business [1][3]