Artificial intelligence chip stocks, including Nvidia Corp (NASDAQ:NVDA), Advanced Micro Devices, Inc (NASDAQ:AMD), Taiwan Semiconductor Manufacturing Co (NYSE:TSM), Broadcom Inc (NASDAQ:AVGO), Arm Holdings (NASDAQ:ARM), and Micron Technology, Inc (NASDAQ:MU), are trading lower Thursday in sympathy with AI infrastructure stock Marvell Technology Inc (NASDAQ:MU).
On Wednesday, Marvell reported fourth-quarter adjusted earnings of 60 cents per share, beating the 59 cents consensus estimate. Quarterly revenue was $1.82 billion, up 27%, beating the $1.79 billion analyst consensus estimate.
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Strong growth in its data center end market drove the growth. Marvell expects first-quarter revenue of $1.78 …
