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Marvell, Synopsys close lower despite forecast-topping earnings buoyed by AI

1 · Siliconangle · May 28, 2026, 1:42 a.m.
AI News The-Latest chip Semiconductors AI Market Analysis Earnings Reports
Summary
Marvell Technology Inc. and Synopsys Inc. reported quarterly earnings that exceeded analysts' expectations and raised their revenue guidance. This growth is attributed to increased demand from AI data center builders, indicating a positive trend for the chip market; however, their stock prices still fell despite the good news.
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