Marvell Stock Drops on Cautious Outlook

Marvell Technology's stock plunges 8% after forecasting lower-than-expected Q3 revenue, sparking investor fears amid economic uncertainty and tariff concerns. Major clients are delaying purchases, impacting Marvell's bottom line as recession risks loom. Despite meeting expectations last quarter, the company braces for continued caution, leaving the tech world on edge. Hosted on Acast. See acast.com/privacy for more information.