{
  "id": 4039801,
  "title": "Stock Market Today, Aug. 28: Marvell Slides 10% on Softer Fiscal 2028 Guidance and Google Deal Timing",
  "url": "https://urgent.news/2026/08/28/stock-market-today-aug-28-marvell-slides-10-on-softer-fiscal-2028",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T21:09:34.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/coverage/stock-market-today/2026/08/28/stock-market-today-aug-28-marvell-slides-10-on-softer-fiscal-2028-guidance-and-google-deal-timing/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "On August 28, Marvell Technology (NASDAQ:MRVL) saw its stock price drop by 10.28% to $216.62 after delivering better-than-expected fiscal second-quarter results. Investors, however, were more focused on the company's softened guidance for fiscal 2028 and the lack of clarity surrounding a potential deal with Google. The trading volume for Marvell shares hit 47.7 million, which was nearly 18% higher than its three-month average of 40.3 million shares.\n\nWith a history dating back to its IPO in 2000, Marvell Technology has witnessed an impressive growth of 1,430% since going public. The S&P 500 (SNPINDEX:^GSPC) closed at 7,710, slipping by 0.27%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) ended at 26,402, down 0.52%. Among competitors in the semiconductor design for data infrastructure, networking, and custom AI chips, Broadcom (NASDAQ:AVGO) closed at $368.79, falling by 0.74%, and NXP Semiconductors (NASDAQ:NXPI) dropped to $223.58, declining by 1.01%.\n\nDespite surpassing Wall Street expectations with a 37% increase in sales and a 50% rise in earnings per share (EPS), investors demanded more from Marvell's guidance for 2028. The company had raised its 2027 revenue expectations to $12 billion and increased the 2028 projection to $18 billion, up from $9.5 billion over the previous year.",
  "summary": "Fiscal Q2 results beat estimates, but investors zeroed in on near-term monetization risk tied to a major customer partnership, today, Aug. 28, 2026.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Stock Market Today, Aug. 28: Marvell Slides 10% on Softer Fiscal 2028 Guidance and Google Deal Timing",
        "url": "https://urgent.news/2026/08/28/stock-market-today-aug-28-marvell-slides-10-on-softer-fiscal-2028-4041689",
        "published": "2026-08-28T21:29:34.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}