Marvell's Chip Woes: A Reality Check for AI Hype
Marvell Technology's shares took a hit, dropping over 11% in early trading. Why? The company's forecast for data center demand didn't meet the high hopes investors had. Many had bet big on custom chips that power AI tasks for big cloud companies like Microsoft and Amazon. Lately, the market has been hyped up about AI-focused chipmakers. Nvidia's recent earnings beat...