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Stock impact report

Broadcom forecasts fourth-quarter revenue below Wall Street expectations [Globe and Mail, The (Toronto, Canada)]

Marvell Technology, Inc. (MRVL) 
Last marvell technology, inc. earnings: 3/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: marvell.com/company/investor_relations
in the networking chip space will outweigh benefits from a boom in artificial intelligence-led demand. Shares of the San Jose, California-based company fell 2.7% in extended trading. Soft enterprise demand, coupled with slower-than-expected recovery in consumer electronics markets such as smartphones, has also taken a toll on Broadcom's semiconductor business. The entire software industry is feeling the pain of slashed IT budgets across enterprises, both in the U.S. and Europe. Broadcom's software portfolio has also been impacted by the same. Even as the company has introduced new networking products to suit AI workloads, competition is rising from Nvidia's alternative to ethernet chips, InfiniBand and companies like Marvell Technology. The chip company expects current-quarter revenue to be about $9.27 billion. Analysts on average expect revenue to be $9.28 billion, according to Refinitiv data. Revenue in the third quarter was $8.88 billion. Analysts polled by Refinitiv ex Show less Read more
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