Stock Movers Marvell Technology Rallies, GitLab Falls, Microchip Gains on Earnings Forecast
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Dec 3, 2025 Marvell Technology's stock surges after promising news about its custom chip designs, highlighting AI-related growth. Meanwhile, GitLab faces a downturn as investors react negatively to mediocre earnings and concerns over AI revenue. On a brighter note, Microchip surpasses expectations with strong earnings forecasts, boosting its share price. Additionally, discussions unfold around the new $5B Medline deal, the challenges facing private equity, and the complexities of IPO pricing.
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Marvell Shows AI Momentum And Long-Term Bet
- Marvell's CEO reassured investors that its custom chip-design unit is winning repeat orders and driving AI-related growth.
- The Celestial AI acquisition signals long-term upside, though revenue ramp may not arrive until fiscal 2028 Q4.
GitLab Faces AI Headwinds For Seat-Based Model
- GitLab shares plunged after results and guidance failed to convince investors about AI tailwinds and growth resilience.
- Bloomberg Intelligence flagged AI-related headwinds for GitLab's seat-based revenue model as a major concern.
Microchip Benefits From Strong Bookings
- Microchip beat on revenue and earnings and reported strong bookings and backlog, lifting its shares sharply.
- Management commentary and prior booking pre-announcement reinforced optimism about demand strength.