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Marvell Technology Plunges 12.48% on Data Center Demand Concerns
Generated by AI AgentAinvest Pre-Market Radar
Friday, Aug 29, 2025 4:31 am ET1min read
Aime SummaryOn August 29, 2025, Marvell Technology's stock price plummeted by 12.48% in pre-market trading, reflecting significant investor concern over the company's outlook in the data center sector.
Marvell Technology's stock price decline was primarily driven by a disappointing outlook for data center demand. Investors had high expectations for the company's performance in this sector, but the recent data suggested that these expectations would not be met. This news has raised concerns about the broader AI chip market, as
is a key player in this space.The drop in Marvell Technology's stock price comes at a time when the broader market is digesting earnings reports from various companies. While many companies have reported positive earnings, the focus on Marvell Technology's data center outlook has overshadowed these positive developments. Investors are closely watching how this news will impact the company's future performance and its role in the AI chip market.
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