Marvell继续暴跌，博通飙升，英伟达GPU被疯抢

Core Viewpoint - Marvell Technology's stock experienced its worst single-day decline in over 20 years, dropping 19.8% due to concerns over AI spending and disappointing revenue forecasts, which have raised investor anxiety about the need for significant investments in AI infrastructure [1][6][4]. Group 1: Marvell Technology's Performance - Marvell's stock closed at $72.28, having reached a four-month low of $71.65 earlier in the day, following a revenue forecast that was only $10 million above expectations, failing to alleviate concerns about AI infrastructure investments [1]. - The company’s market capitalization is expected to evaporate by $15 billion, with its stock price having risen over 83% in 2024 but down approximately 18% year-to-date [6]. - Analysts noted that the market sentiment towards AI semiconductor stocks is currently low, with Marvell's revenue growth being only marginal [6][7]. Group 2: Competitors and Market Dynamics - Following Marvell's disappointing forecast, Broadcom's stock initially fell nearly 7%, but later surged in after-hours trading due to strong second-quarter predictions that alleviated concerns about AI chip demand [9][8]. - Broadcom's CEO indicated that demand for custom AI chips from cloud computing companies is robust, with expected AI semiconductor revenue reaching $4.4 billion in the second quarter [9][10]. - Nvidia's GPUs are in high demand, with significant orders from OpenAI and Oracle for a new data center project in Texas, highlighting the competitive landscape in AI chip production [13][14]. Group 3: Industry Trends and Future Outlook - The semiconductor industry is facing challenges, including a decline in demand for network equipment, which is Marvell's core business, as large tech companies shift spending towards AI chips [7]. - Analysts predict that as AI tasks become more complex, large tech firms will increasingly move from off-the-shelf chips to custom processors, which could benefit companies like Broadcom [9][10]. - The Philadelphia Semiconductor Index has seen a decline of 5% year-to-date after a nearly 20% increase last year, reflecting broader market pressures [5].