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

Semiconductor specialists Marvell Technology Inc. and Synopsys Inc. today posted quarterly revenue numbers that topped analyst expectations. The two companies also raised their guidance. Both attributed the increase to growing demand from artificial intelligence data center builders. That’s a positive signal for the broader chip market, where Marvell and Synopsys play important roles. Nevertheless, the […] The post Marvell, Synopsys close lower despite forecast-topping earnings buoyed by A...