Investors are getting even more discerning under the AI boom! Marvell Technology (MRVL.US) Q3 revenue guidance falls short of expectations, causing the stock price to plummet more than 11% after hours.

According to the Zhitong Financial APP, the performance guidance announced by ASIC (Application-Specific Integrated Circuit) giant Marvell Technology (MRVL.US) fell short of expectations, disappointing investors and causing the stock price to drop more than 11% in after-hours trading on Thursday. Marvell Technology's financial report showed that the company's Q2 revenue increased by 58% year-on-year to $2.01 billion, just meeting analysts' expectations. Among them, revenue from the data center business increased by 69% year-on-year to $1.49 billion, falling short of the analyst average expectations of $1.51 billion. Adjusted earnings per share were $0.67, also just meeting analysts' expectations. In today's market driven by the artificial intelligence (AI) boom, just meeting expectations is no longer enough to satisfy investors.