Marvell Technology stock fell nearly 8% premarket as clarification around its Google deal and rich valuations outweighed a strong Q2 earnings beat and raised outlook.

Marvell Technology to release Q2 earnings on Aug. 27. Analysts expect earnings of $0.93/share and revenue of $2.71 billion.

Aug 27 : Marvell Technology forecast quarterly revenue above estimates on Thursday, but failed to meet lofty investor expectations after a sharp AI-fueled rally in its shares. The…