Marvell Posts Record Earnings. Wall Street Sent Them Lower. Marvell Technology's recent earnings report sent shockwaves through the market, but not for the reasons one might expect. The company posted $2.
739 billion in Q2 net revenue, a 37% year over year increase that should have investors rejoicing. Instead, the stock plummeted nearly 11% on Friday, leaving many bewildered.
The comparison to Nvidia, a semiconductor giant whose own stock price has been under pressure despite strong earnings reports, may offer some insight into Wall Street's behavior.