Marvell Technology Faces Stock Drop Over Dispute With Poet Technologies
Marvell Technology's stock dropped 5.3% due to a dispute with Poet Technologies over the cancellation of a purchase order from Celestial AI. Marvell accused Poet of breaching confidentiality by disclosing the order, which had previously fueled investor optimism. Poet's stock fell 45% as a result.
Topics: AI technology business dispute confidentiality breach semiconductor industry stock price drop