Marvell, Synopsys close lower despite forecast-topping earnings buoyed by AI - SiliconANGLE

Marvell Technology (MRVL) stock surges 142% YTD ahead of Q1 FY2027 earnings, with HSBC, Citi, and Susquehanna raising price targets on AI networking demand.

May 27 : Marvell Technology forecast quarterly revenue above estimates on Wednesday, signaling strong demand for its networking and custom silicon chips used in the AI data center…