Marvell (MRVL) Stock Downgraded as Concerns Grow Over Amazon Trainium Transitions
Marvell Technology, Inc. (NASDAQ: MRVL) has been downgraded from Buy to Hold by Benchmark due to concerns over losing Amazon's Trainium3 and 4 chip designs to a Taiwanese competitor, Alchip. This downgrade, despite Marvell's assurances of continued Amazon revenue, suggests a projected slowdown in XPU growth. Investors are advised to consider taking short-term profits.
https://finance.yahoo.com/news/marvell-mrvl-stock-downgraded-concerns-092046712.html