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The company designs application-specific integrated circuits (ASICs) that power hyperscale data centers, offering custom, cost-efficient solutions for targeted AI workloads, in contrast to Nvidia’s GPUs, which are built for broader, more general-purpose computing.After a tough 2024, this year has been even more punishing for Marvell, with shares sliding by double digits due to a mix of sector-wide turbulence and company-specific setbacks. A broader tech selloff tied to trade tensions and slowing global growth piled on early pressure, leaving investors hesitant despite Marvell’s positioning in the AI supply chain.A $10 Billion Reason to Buy This Quantum Computing Stock NowIs Nio Stock a Buy at 2025 Highs?Elon Musk Predicts xAI Alone Will Buy ‘Billions’ of AI Chips Costing As Much as $25 Trillion, With 50 Million Chips Coming Within ‘5 Years’Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today!Concerns have also emerged that the company may miss out on designing Amazon’s (AMZN) next-generation Trainium AI chips, raising questions about its competitive position in the fast-moving AI market. Moreover, the volatility has persisted even after Marvell beat expectations in its most recent earnings release. That said, as the company gears up to release its fiscal 2026 Q2 earnings report on Aug. 28, here is a fresh look at this struggling chipmaker.Through close collaboration and transparency with its customers, Marvell has been shaping the next generation of enterprise, cloud, automotive, and carrier infrastructure. For over 30 years, the company’s semiconductor solutions have enabled the world's data to be moved, stored, processed, and secured, meeting today’s demands while paving the way for tomorrow's technologies.Earlier in August, Marvell completed the sale of its Automotive Ethernet business to Infineon Technologies for $2.5 billion in an all-cash deal. The unit had been expected to generate between $225 million and $250 million in revenue during fiscal 2026, but with the divestiture now finalized, its contribution to Marvell’s results going forward will be limited.The sale enables Marvell to sharpen its focus on core areas, such as data infrastructure and AI-focused chips, while streamlining operations and strengthening its balance sheet. Yet despite the company’s strong focus on high-growth areas within the semiconductor landscape, its stock performance paints a grim picture.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,501.75 +5.75 (+0.09%)Dow Futures45,766.00 +124.00 (+0.27%)Nasdaq Futures23,618.00 -10.75 (-0.05%)Russell 2000 Futures2,394.50 +14.80 (+0.62%)VIX14.42 -0.43 (-2.90%)Gold3,450.20 +1.60 (+0.05%)PortfolioSign in to access your portfolioSign inTop gainersMDB MongoDB, Inc. 295.70 +81.36 (+37.96%)SATS EchoStar Corporation 58.76 +7.89 (+15.51%)NCNO nCino, Inc. 32.69 +4.00 (+13.94%)LUMN Lumen Technologies, Inc. 5.27 +0.58 (+12.37%)PCT PureCycle Technologies, Inc. 14.86 +1.26 (+9.26%)Top losersTIGR UP Fintech Holding Limited 11.57 -1.25 (-9.75%)NEGG Newegg Commerce, Inc. 60.89 -6.14 (-9.16%)LI Li Auto Inc. 22.60 -2.05 (-8.32%)KNF Knife River Corporation 82.76 -7.39 (-8.20%)SMMT Summit Therapeutics Inc. 24.81 -2.17 (-8.06%)Most activeWBA Walgreens Boots Alliance, Inc. 11.98 +0.06 (+0.50%)OPEN Opendoor Technologies Inc. 4.0200 -0.6800 (-14.47%)NVDA NVIDIA Corporation 181.60 -0.17 (-0.09%)PSNYW Polestar Automotive Holding UK PLC 0.4700 +0.3100 (+193.75%)NIO NIO Inc. 6.34 -0.36 (-5.37%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersNVDA NVIDIA Corporation 181.60 -0.17 (-0.09%)CRWD CrowdStrike Holdings, Inc. 422.61 +5.01 (+1.20%)LUMN Lumen Technologies, Inc. 5.27 +0.58 (+12.37%)SNOW Snowflake Inc. 200.39 +6.04 (+3.11%)CRWV CoreWeave, Inc. 96.93 +5.54 (+6.06%)Top economic events