Marvell beat expectations with its latest quarterly results and outlook, but that wasn’t enough to lift the stock.

"While unwelcome, volatility is common in semi stocks and does not always presage a fundamental shift," Bank of America said.

Marvell’s latest earnings beat Wall Street’s estimates, but the company’s outlook was roughly in line with expectations.

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Despite topping those key guidance metrics, Marvell’s stock fell more than 15% after-hours. This year, investors have been ...

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