Why Marvell Stock Is Falling After a Record AI Quarter

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Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.

Stock Market Today, Aug. 28: Marvell Slides 10% on Softer Fiscal 2028 Guidance and Google Deal Timing

Marvell Technology stock fell 10.28% despite beating Q2 earnings estimates with 37% sales growth and 50% EPS growth. The decline was driven by investor disappointment over softer fiscal 2028 guidance and lack of details on the Google partnership deal. The stock trades at a lofty 53x forward earnings valuation, and analysts expect more clarity at the company's October Investor Day.

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Kevin Warsh reignites rate-hike bets, Nvidia posts its best day since April, and CrowdStrike prints the biggest gain in its history.

Marvell Technology shares are trading lower after the company's Q2 financial results. The company's FY28 guidance may have been below investor expectations.