MRVL ▼ -3.6% - Marvell Technology, Inc. $MRVL MARVELL TECH CEO: NOW EXPECT DATA CENTER BUSINESS TO GROW BY APPROXIMATELY 60% THIS FISCAL YEAR Marvell Technology shares fell 3.6% despite the CEO's bullish guidance on data center growth. The CEO announced expectations for the data center business to expand by approximately 60% in the fiscal year, which would typically be viewed as positive momentum in a sector benefiting from AI and cloud infrastructure demand. The decline suggests investors may be reacting to other factors not captured in this headline, such as concerns about execution, competitive pressures, or broader market conditions. 27-AUG-2026 04:57 PM ET