Marvell Technology's AI Gains Overshadowed by Broader Segment Declines

Despite strong growth in its AI and data center divisions, Marvell's overall performance was hampered by significant losses in other segments.

Marvell's Q1 revenue dropped 12% year-over-year, totaling $1.16 billion.
AI-related data center revenue surged 87%, becoming the largest segment.
Other divisions, including enterprise networking and carrier infrastructure, saw declines up to 75%.
Company forecasts an 8% sequential revenue increase for the next quarter, driven by AI.
Shares fell over 10% following the earnings report, reflecting investor concerns.