📉 $MRVL just showed why strong earnings don’t always mean a strong stock reaction. 👀
Q2 revenue hit a record $2.74B, up 37% YoY, while data center revenue grew 46%.
Q3 guidance also came in at $3.15B.
Yet the stock still dropped around 7% after hours.
That’s the part of earnings season I find most interesting.
The market isn’t only asking, “Were the numbers good?”
It’s asking, “Were they good enough compared with what was already expected?”
Keeping $MRVL on my BingX watchlist.
#MRVL #BingX #AI #TradFi
Q2 revenue hit a record $2.74B, up 37% YoY, while data center revenue grew 46%.
Q3 guidance also came in at $3.15B.
Yet the stock still dropped around 7% after hours.
That’s the part of earnings season I find most interesting.
The market isn’t only asking, “Were the numbers good?”
It’s asking, “Were they good enough compared with what was already expected?”
Keeping $MRVL on my BingX watchlist.
#MRVL #BingX #AI #TradFi
