Marvell Technology Shares Drop Below $200 Amid Sector-Specific Selloff
Marvell Technology (NASDAQ:MRVL) shares fell over 33% in July amid hyperscaler capital expenditure concerns, despite strong Q1 revenue and a KeyBanc upgrade to a $400 price target. The decline appears stock-specific rather than sector-wide as peers like NVIDIA and Broadcom remained stable.
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Topics: AI data center revenue Google Merope design win KeyBanc Marvell