Marvell Technology Stock Slides: Data Center Strength Overshadowed by Valuation Concerns
Marvell Technology stock fell nearly 8% premarket as clarification around its Google deal and rich valuations outweighed a strong Q2 earnings beat and raised outlook.
Marvell did really well with its business (especially selling computer chips to big companies), but its stock price fell because people think the company costs too much money right now. When a company's price seems high compared to its earnings, investors get nervous and sell.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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