Marvell Technology Plunges 6.99% Amid Amazon Loss, Investor Day Delay

Marvell Technology's stock price experienced a significant drop of 6.99% during pre-market trading on May 7, 2025.

Analysts have expressed concerns over Marvell Technology's recent performance, particularly its loss of business with Amazon's Trainium Gen3. This loss has contributed to a notable decline in the company's stock price since January. Additionally, the postponement of Marvell's Investor Day event has raised further questions about the company's near-term prospects. Analysts worry about the sustainability of Marvell's custom silicon business, noting its lack of "stickiness," which could continue to negatively impact its market valuation.

Despite these challenges, some analysts suggest that the expected loss of Microsoft Maia Gen3 has not yet been fully accounted for in Marvell's valuation. This indicates that there may be additional factors at play that could influence the company's future performance. Overall, the outlook for Marvell Technology remains uncertain as it navigates these shifts in its business landscape.