Marvell (MRVL) stock is down almost 8% year to date, according to Yahoo Finance. The company's stock was down following reports that Microsoft is considering Broadcom (AVGO) as a possible chip design partner. These reports were dismissed by Marvell CEO and Chairman Matt Murphy, stating that the company did not lose any business. RBC Capital Markets Managing Director Srini Pajjuri updated his outlook on Marvell stock outlook ahead of earnings, predicting revenue and non-GAAP EPS of $2.2 billion/ $0.79 for Q4 and slightly beating consensus estimates. He also noted that the AWS/OpenAI partnership will be a long-term positive for the company and that Trainium2 demand remains healthy. Marvell's Q4 earnings report will be released on March 5.