A"rather abrupt deceleration of demand"
Larger enterprises have slowed more than small and medium-sized firms, which is the opposite of what usually happens during an economic downturn. Earlier in the day, Marvell executives were similarly confident about demand for their chips from cloud companies. Other tech companies were less sanguine. Judson Althoff, an EVP and Chief Commercial Officer at Microsoft, said the economic environment is"arguably the most uncertain we've seen in decades."
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