US Stock Market Move | Alphabet Inc. Class C large order "booked" too slowly, Marvell Technology, Inc. (MRVL.US) plummeted nearly 9%.

On Friday, Marvell Technology, Inc. (MRVL.US) opened lower, and by the time of this report, its decline had expanded to nearly 9%. In terms of news, Marvell Technology, Inc.'s revenue for the second fiscal quarter was $2.5 billion, in line with market expectations. The company provided revenue guidance for the third fiscal quarter at $3.15 billion, with a fluctuation range of 5%, while analysts had previously expected revenue of $3.04 billion, meaning the short-term guidance is slightly above market consensus. However, management emphasized that the "significant impact" of the large order for customized chips from Alphabet Inc. Class C would not be realized until the fiscal year 2029 and beyond. This timeline is much later than the market's prior expectations, leaving investors who were anticipating a quicker performance boost from the deal feeling disappointed.