Why Marvell Technology Sank Today
Shares of Marvell Technology (NASDAQ: MRVL) fell as much as 10.1% on Monday, before recovering to a 7.5% decline as of 12:46 p.m. EDT.
The company reported better-than-expected third-quarter earnings last week, leading to a rise; however, one analyst threw cold water on the recent jump today, raising the perennial question of whether Marvell has lost a custom XPU contract for Amazon's (NASDAQ: AMZN) next-gen Trainium chips.
Today, sell-side research analysts at Benchmark downgraded Marvell to a "Hold" rating from "Buy," while withdrawing a specific price target.
Source Fool.com
Benchmark El. Inc. Aktie
47,00 €
0,43 %
Die Benchmark El. Inc. Aktie erhält mehrere Buy-Einschätzungen, ohne eine Gegenstimme.
Ein unerwartetes Potenzial von -6.38% für Benchmark El. Inc., gegeben ein Kursziel von 44 €, das unter dem aktuellen Kurs von 47.0 € liegt.
