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Marvell Stock Drops As Analysts Weigh In-Line Report

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Marvell Technology (MRVL) stock fell below a key support level on Friday after the chipmaker’s fiscal second-quarter earnings report. The Santa Clara, Calif.-based company late Thursday edged above estimates for its fiscal Q2 ended Aug. 1 and guided higher than views for fiscal Q3. But analysts groused about profit margins under pressure and lack of a bigger upside from its…

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