Marvell's ASIC Business Faces Headwinds
Update: 2025-11-26
Description
Marvells stock has plummeted by twenty-five percent this year, with HSBC analyst Frank Lee advising investors to avoid the dip. Despite Marvells growing role in AI supply and strong Q2 earnings, Lee initiated coverage with a Hold rating due to potential ASIC business lag and customer delays. Marvells third-quarter earnings are due on December 2nd, with Wall Street maintaining a Moderate Buy rating, albeit with slightly reduced enthusiasm.
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