ReferIndia News Marvell Tech's AI Chip Dreams Dim as Data Center Demand Disappoints

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Marvell Tech's AI Chip Dreams Dim as Data Center Demand Disappoints

Published on: Aug. 29, 2025, 1:50 p.m. | Source: Devdiscourse

Marvell Technology's shares dropped due to underwhelming demand forecasts for AI custom chips from data centers. Despite meeting revenue expectations, the company's future outlook trails analyst projections due to external market pressures and competitive challenges from Microsoft and Amazon's growing cloud services.

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