Here’s your latest roundup of what’s shaking in the world of tech, media, and telecom, fresh from the Dow Jones Newswires.
Despite Ambarella beating expectations and boosting its full-year sales forecast, investors aren’t exactly cheering. Shares nosedived 18% to $50.62. Why? Management’s tone during the earnings call was cautious—maybe too cautious. They widened guidance to reflect uncertainty tied to global geopolitical risks. While the top of the range suggests things could pick up later in the year, execs weren’t making any bold bets. “So, it’s your call. We’re just saying, it’s an uncertain environment,” said VP of Corporate Development Louis Gerhardy. Not the kind of clarity Wall Street likes.
Naeem Aslam at Zaye Capital Markets sees trouble ahead. In a note, he says Trump’s latest push to tighten immigration could hurt tech and digital asset markets. Why? These industries thrive on global talent, and cutting that off could stall innovation and slow crypto adoption. Ironically, this comes as Trump becomes more active in crypto, even launching a strategic bitcoin reserve. While that’s helped bring Bitcoin into the mainstream, it also raises new regulatory and ethical concerns. Bitcoin dropped 0.6% to $105,578 after hitting a 10-day low of $104,648 earlier in the day.
Zscaler is riding high. The cybersecurity giant crushed estimates and upped its guidance, which Wedbush analysts called a “breakout moment.” With more businesses moving to cloud-based security and embracing AI-powered protection, Zscaler is landing bigger clients, some shelling out over $1 million in annual recurring revenue. Wedbush bumped its price target up from $240 to $300, keeping its “outperform” rating intact. Investors responded by pushing shares up nearly 5% to $263.50.
Marvell Technology met Q1 expectations and provided a mixed outlook for Q2. Revenue hit $1.9 billion and EPS landed at 62 cents, right around Wall Street’s estimates. But the real issue? Investors are hungry for AI-fueled growth stories, and Marvell’s data center segment isn’t delivering that spark just yet. Analysts at Melius Research dubbed it a “show-me store,y” suggesting the stock might stay in limbo until it proves itself with more AI traction. The stock slipped 3.4% to $61.59 in premarket trading.
Cody Acree at Benchmark is a bit more optimistic about Marvell. Yes, the results weren’t as explosive as Nvidia’s, and yes, that’s dragging on the stock. But according to Acree, the underlying trends—especially in AI demand across both compute and networking, are still solid. He points to Marvell’s leadership in interconnect tech and ongoing recovery in its telecom and enterprise networking segments as reasons for long-term optimism. Not everyone’s convinced yet, though.
Bernstein analysts are bullish on Xiaomi. In Q1, the company crushed it across all segments, gaining smartphone market share in China and riding the IoT boom. China’s pro-subsidy policies are expected to fuel even more growth for Xiaomi, thanks to its wide-ranging product portfolio. Bernstein upped its revenue forecasts by 4% for 2025 and 3% for 2026, also raising the stock’s target price from HK$55 to HK$60. Xiaomi shares last closed at HK$50.95.
That’s it for today’s wrap. From crypto clashes to chip stock swings, it’s been a volatile day in the TMT space. Stay tuned for more updates as markets react and recalibrate.
