US Stock Market Move | Revenue guidance falls short of highest expectations Marvell Technology, Inc. (MRVL.US) dropped nearly 18% in pre-market trading.

On Thursday, Marvell Technology, Inc. (MRVL.US) fell nearly 18% to $74.15 in pre-market trading on the US stock market. On the news front, Marvell Technology, Inc. announced better-than-expected fourth quarter results on Wednesday. Marvell expects sales in the first quarter of this fiscal year to be around $1.88 billion, meeting the average expectation but falling short of the highest expectation of $2 billion. Analysts believe that this financial report does not help to alleviate the market's tense sentiment towards AI stocks.