Why Is Marvell (MRVL) Stock Price Down 10.28% Today, Aug 28? Google Chip Revenue Timing Pressures Shares

Marvell shares fell over 10% despite strong quarterly data-center growth as investors repriced expectations around the timing and visibility of Google-linked custom-silicon revenue. Management's indication that material contribution skews toward fiscal 2029, with limited incremental detail for fiscal 2028, likely drove an expectations reset after an AI-led run-up. The move can weigh on near-term sentiment toward AI infrastructure and custom-chip stories.