Futures Slide as Marvell's Forecast Fails to Impress

Nasdaq, S&P, and Dow slide as Marvell Technology earnings fail to impress investors
Stock index futures were lower on Thursday, with Nasdaq futures bottoming the pack as tech stocks came under pressure after Marvell Technology (MRVL) results. S&P 500 futures (SPX) -1%, Nasdaq 100 futures (US100:IND) -1.
Marvell Technology (NASDAQ:MRVL) Stock Price Down 4.4% on Analyst Downgrade
Marvell Technology, Inc. (NASDAQ:MRVL – Get Free Report) shares were down 4.4% on Friday after Stifel Nicolaus lowered their price target on the stock from $130.00 to $115.00. Stifel Nicolaus currently has a buy rating on the stock.
Futures Slide as Marvell's Forecast Fails to Impress; Tariffs in Focus
U.S. stock index futures fell on Thursday as uncertainty about an ongoing global trade war clouded sentiment, while chip stocks took a beating after Marvell Technology's broadly in-line forecast fanned worries of slowing demand for AI infrastructure.
Top Analyst Downgrades Marvell (MRVL) Stock After Outlook Fails to Impress Investors
Marvell Technology (MRVL) stock plunged about 15% in Wednesday’s extended trading session despite the chipmaker’s better-than-expected results
Marvell Stock Drops Despite Strong Earnings as Outlook Fails to Impress
Marvell Technology (MRVL) reported fiscal fourth-quarter results that beat analysts’ expectations, but shares tumbled in extended trading as its outlook failed to impress. The semiconductor company saw revenue grow 27% year-over-year to $1.
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Why Marvell Technology Stock Is Plummeting Today
The stock of Marvell Technology (NASDAQ: MRVL) is getting hit with big sell-offs on Thursday following the company's recent earnings report. The semiconductor specialist's share price was down 17.
Marvell (MRVL) Secures Amazon AI Contract, $120 Price Target Reiterated
We recently published a list of Top 10 AI Stocks Dominating the Market Right Now. In this article, we are going to take a ...