Marvell Technology Inc. News
Marvell Stock Slumps On Q3 Earnings Miss, Soft Chip Sector Outlook
"Inventory reductions, in particular at our storage customers, are impacting our near-term results and guidance," said CEO Matt Murphy.
Stocks Flat, Jobs Report, Rail Strike Deal, Tesla And Marvell - Five Things to Know
Stock futures flat as investors eye November jobs report; Wage growth, private hiring in focus as job market cools; President Biden says deal avoids 'Christmas catastrophe' rail strike; Tesla unveils all-electric semi, stays mum on price and Marvell slumps on Q3 earnings miss, muted outlook.
Stock Market Today: Stocks End Mixed As Bank of England Intervention, Rate Hike Bets Rattle Markets
Stocks finished mixed Tuesday as rate hike and recession worries, as well as a surprise bond market intervention from the Bank of England, continue to clip sentiment.
Stocks Extend Slump, Bank of England Intervenes Again, Amazon, Rail Strikes And Marvell In Focus - Five Things To Know
Stock futures slump as global stocks retreat; Bank of England expands emergency bond buying; Amazon slips lower as two-day 'Prime Event' kicks off; Rail union rejects proposed contract, raising strike action risk and Marvell shares get bump from Wells Fargo upgrade.
Bank of America Likes These Beaten Down Chip Stocks
The S&P Semiconductors Select Industry Index has fallen 36% year to date.
Stock Market Today - 8/26: Stocks Nose-Dive On Hawkish Jackson Hole Speech From Fed Chair Powell
Stocks suffered their biggest single-day decline in six weeks Friday as investors re-set rate expectations following a hawkish update from Fed Chair Jerome Powell.
Marvell Stock Slides On Softer Sales Forecast After Cloud Demand Drives Q2 Profit Beat
"We expect our revenue mix by end market will continue to be influenced more by supply than demand in the near term," said CEO Matt Murphy.
Stocks Edge Lower, Jackson Hole, Dell, Gap And Marvell Technology In Focus - Five Things To Know
Stock futures slip ahead of key Jackson Hole speech; Fed inflation gauge may give Powell more evidence of peak price pressures; Dell shares tumble after muted PC demand outlook; Gap shares surge after Banana Republic drives solid Q2 sales and Marvell shares move lower on supply chain caution in chip market
Buying These 3 Semiconductor Stocks “On Sale” Could Pay Off
Seasonal headwinds shift to tailwinds in the fourth quarter and CHIPS Act legislation could help the industry rebound in 2023.
Pfizer Stock Active As Soft Covid Vaccine Sales Outlook Mars Q4 Earnings Beat
"As we turn to 2023, we expect to once again set records, with potentially the largest number of new product and indication launches that we’ve ever had in such a short period of time," said CEO Albert Bourla.
UPS Earnings Top Street Forecasts On Margin Focus, Revenues Miss; New $5 Billion Share Buyback Unveiled
UPS topped Street forecasts for its fourth quarter earnings, but a slump in international deliveries kept revenue gain in check.
General Motors Stock Surges As Earnings Blast Street Forecasts; Sees Robust 2023 Profits
GM blasted Street profit forecasts with adjusted earnings of $2.12 per share on revenues of $43.1 billion.
Exxon Mobil Posts Record $56 Billion 2022 Profit, Beats Q4 Forecasts As Crude Surges
“While our results clearly benefited from a favorable market, the counter-cyclical investments we made before and during the pandemic provided the energy and products people needed," said CEO Darren Woods.