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Benzinga
Benzinga
Business
Dylan Berman

Marvell Stock Is Moving Lower Wednesday: What's Going On?

Marvell ASML Nasdaq MRVL ASML Holding
Kanata,,Ottawa,,On,,Canada,-,October,15,,2023:,Close,Up

Marvell Technology, Inc. (NASDAQ:MRVL) shares are trading lower on Wednesday in possible sympathy with ASML Holding (NASDAQ:ASML), which said it cannot confirm its growth outlook for 2026 and citied macro uncertainty.

What To Know: ASML, in its earnings report, said, “Looking at 2026, we see that our AI customers’ fundamentals remain strong. At the same time, we continue to see increasing uncertainty driven by macro-economic and geopolitical developments. Therefore, while we still prepare for growth in 2026, we cannot confirm it at this stage.”

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