Marvell Technology (MRVL) announced its latest quarterly earnings, with revenue increasing by 27.6% year-over-year to $2.42 billion. Data center revenue grew by 27.2% to $1.83 billion, becoming the primary growth engine. Management raised its revenue forecast for fiscal year 2027 by over $500 million, and for fiscal year 2028 by approximately $1.5 billion to $16.5 billion, expecting interconnections business growth to exceed 70% in fiscal year 2027. However, the company's net profit margin fell to 1%, a year-over-year decrease of 800 basis points, and earnings per share (EPS) dropped by 80% to $0.04, indicating that revenue growth has not yet translated into strong shareholder profits. Additionally, as of the end of the first quarter, the number of hedge funds holding Marvell stock decreased from 85 to 79, and the short interest ratio reached 4.34%, higher than NVIDIA, Broadcom, and Qualcomm, reflecting market concerns about its high valuation and profitability.