Chips Under Pressure Over Downgrades (MRVL, BRCM, IDTI)
We are seeing some select chip stock downgrades affecting shares negatively this morning. We have shown the downgrades attached and the pre-market reactions seen so far this morning. Marvell Technology (MRVL) was cut to Hold from Buy at Jefferies; shares down over 4% at $14.90 on more than 300,000 shares. Broadcom (BRCM) was cut to [...]
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