Why Marvell Technology Stock Just Dropped
Marvell Technology (NASDAQ: MRVL) stock tumbled 5.3% through 10:40 a.m. ET this morning on reports of a feud between the tech giant and semiconductor packaging specialist Poet Technologies (NASDAQ: POET).
Poet has developed technology to use photonics (light) rather than copper wires to rapidly transfer data among artificial intelligence chips -- making the AI revolution spin even faster. Last week, Poet seemed to score a big win when news began filtering out about a big purchase order from Celestial AI, a company Marvell acquired in February.
But that's where the trouble started.
Source Fool.com
