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Market Impact: 0.45
Stock Market Today, Aug. 28: Marvell Slides 10% on Softer Fiscal 2028 Guidance and Google Deal Timing
Source: Nasdaq
Corporate EarningsCorporate Guidance & OutlookAnalyst EstimatesTechnology & Innovation
Marvell (MRVL) shares closed at $216.62, down 10.28% despite a fiscal Q2 results beat. The selloff was driven by investors’ focus on softer fiscal 2028 guidance and limited detail in the outlook. Net impact: a clear negative repricing of expectations even with the near-term earnings beat.
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Overall Sentiment
moderately negative
Sentiment Score
-0.45
Ticker Sentiment
MRVL-0.45
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