Marvell，暴跌

Core Viewpoint - Marvell Technology Inc. reported revenue forecasts that fell short of the highest expectations, leading to a 16% drop in stock price after the announcement, disappointing investors hoping for greater returns from the AI boom [1][4]. Group 1: Financial Performance - For the first fiscal quarter ending in April, Marvell expects sales of approximately $1.88 billion, aligning with analyst averages but below some forecasts of $2 billion [1]. - The company reported a fourth-quarter earnings per share of $0.60, exceeding the analyst expectation of $0.59, with revenue growth of 27% to $1.82 billion, surpassing the $1.8 billion forecast [5]. - Marvell's data center revenue accounted for 75% of total quarterly revenue, with a 78% year-over-year increase in the data center segment, reaching $1.37 billion [3][4]. Group 2: Market Position and Strategy - Marvell is positioned as a key beneficiary of AI computing developments, providing chip design services to major tech clients, including Amazon, to help them develop their own data center semiconductors [2]. - The company emphasizes focusing investments on data centers to capitalize on the AI trend, with expectations of strong revenue growth for the fiscal year [4]. Group 3: Analyst Insights - Analysts from Raymond James and Stifel Financial Corp. expressed cautious optimism regarding Marvell's stock, with expectations for the custom AI accelerator market to exceed $50 billion by 2028, indicating potential for Marvell to capture significant market share [3]. - Despite good earnings data, concerns remain about geopolitical pressures and broader worries regarding the monetization of AI, which may have contributed to the stock's decline [4].