Marvell Technology shares fell 10.28% Friday despite reporting fiscal second-quarter revenue of $2.74 billion, up 37% year over year, and adjusted earnings of 94 cents per share, exceeding Wall Street estimates. Data-center revenue rose 46% to $2.17 billion, while Marvell raised its current-quarter revenue outlook to about $3.15 billion and its fiscal 2027 and 2028 sales targets to approximately $12 billion and $18 billion, respectively. Investors focused on the timing and valuation of the company’s expanded Google custom-AI agreement, which could generate up to $120 billion in cumulative revenue over six-and-a-half years if performance milestones are achieved, with the largest contribution expected in fiscal 2029 and beyond. U.S. stocks and semiconductor shares also retreated, while Marvell’s decline led losses among AI-linked stocks. MSX.COM data showed the market moves and described MSX as a platform listing hundreds of tokens linked to real-world stocks and ETFs.