MaxLinear stock plunges 30% after Q2 earnings miss, Needham downgrades: What investors need to know
MaxLinear Inc. (NASDAQ: MXL), a prominent player in the radio frequency and mixed-signal integrated circuits sector, has experienced a dramatic 30% drop in its stock price following a disappointing Q2 2024 earnings report. The company’s performance fell significantly short of investor expectations, sparking a major decline in its stock value and prompting a critical downgrade