Marvell stock slides after $540 million XConn deal — here’s what Wall Street is pricing in
Marvell shares fell about 4% to $84.57 Wednesday afternoon, reversing gains after announcing a $540 million deal to acquire XConn Technologies. The company expects XConn’s products to add revenue starting in the second half of fiscal 2027. Investors are focused on the delayed revenue impact and execution risks. The drop outpaced broader chip sector declines.