Marvell Technology stock slips on Q1 revenue miss

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Marvell Technology Group News

Julie Hyman,Revenue Estimates

Shares of Marvell Technology Group (MRVL) are trading lower on Thursday after the company missed first quarter revenue estimates. However, the CEO remains...

) are trading lower on Thursday after the company missed first quarter revenue estimates. However, the CEO remains optimistic about the company's ability to recover within the second quarter.Ceo Matt Murphy saying we see a favorable set up for the second half of this fiscal year.

The company forecast for second quarter revenue was in line with what analysts had been anticipating.So sort of in lish there with what analysts had been anticipating.Um The CEO calls out by the way, the start of a ramp in our custom A I programs complementing our substantial base of electro optics revenue.Corner Marvell compares with 54% year of year growth rate in in the fiscal fourth quarter.Yeah, the shares are up about 27% here year to date going into this.

So this is one, you know, that's done pretty well here running into the print executive saying we see a favorable set up for the second half of this fiscal year driven by continued growth, data center, beginning recovery.Why the Dow fell 1,000 points in the last three days US markets have had a rough week. The Dow has fallen by around 1,000 points over the last three days alone — and the negative momentum didn’t let up Thursday.TORONTO — Royal Bank of Canada says it's rewarding shareholders as its second-quarter profit rose from last year and it successfully closed its HSBC Canada acquisition.The TFSA is the perfect place to compound wealth over decades.

‘Big Short’ investor Michael Burry just made a big bet on gold — and dumped tech giants Alphabet and AmazonThe Bank of Canada will trim interest rates to 4.75% on June 5, according to three-quarters of economists in a Reuters poll which showed three further cuts this year, with the last one hanging on a knife's edge. Although inflation has been within the central bank's 1%-3% target for a few months, the poll results underscore questions on how much the BoC can diverge from the U.S.

 

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