Marvell Stock: The AI Growth Story Is Getting Bigger, But the Google Deal Is Still a Problem The recent dip in Marvell's stock price following its robust second quarter earnings report has left many investors puzzled.
While the company's growth story is indeed expanding, the market's lukewarm reaction has exposed a problem that threatens to overshadow the benefits of its burgeoning relationship with Google.
Marvell's Q2 numbers were impressive: revenue increased 37% year over year (YoY) to $2. 74 billion, and adjusted earnings per share rose 40% to $0. 94, both exceeding consensus estimates.