MRVL
The breakup nobody wanted
Marvell’s ties with Poet Technologies apparently hit the rocks, and the market reacted like someone pulled the emergency brake. Poet shares cratered nearly 50% after the company said Marvell is walking away from a key AI partnership.
Why investors care
That kind of move tells you this wasn’t just some sleepy side project. When a chip company starts backing away from an AI deal, traders immediately start asking the annoying-but-important questions:
- Was the partnership more sizzle than steak?
- Does this hint at a bigger product or strategy reset?
- How much of Poet’s valuation was riding on the Marvell story?
The AI buzz cuts both ways
AI partnerships are catnip for investors right up until they aren’t. One day it’s “new strategic collaboration,” the next day it’s “never mind,” and your portfolio is doing interpretive dance.
For Marvell, the news is awkward because it nudges the company’s AI narrative from “promising” to “show me the receipts.” For Poet, it’s even more brutal: when the market thinks your growth story just lost a major character, the stock doesn’t drift lower — it faceplants.
Big picture
This is the part of the AI trade where investors remember that not every partnership becomes a revenue engine. Sometimes the most valuable thing a deal can do is remind the market how fragile the whole story was in the first place.