Shares of Marvell Technology dropped 15% after the AI chipmaker reported lower-than-expected data center revenue and provided a lackluster outlook for the upcoming quarter. The CEO acknowledged some challenges in customer pipeline clarity, raising concerns among investors.
Amazon's cloud arm, AWS, is on track for a multibillion-dollar revenue boost driven by AI, even as tariffs and trade tensions threaten its retail business. Investors are keenly watching AWS's performance against Microsoft Azure.
