Marvell Leads Worst Chip Sell-Off Since Pandemic
Marvell Technology (MRVL) experienced its worst single-day drop of over 16% following an earlier surge fueled by optimism from Nvidia's CEO. The selloff marked the largest chip sector decline since March 2020, with the iShares Semiconductor ETF falling nearly 10%. Broader semiconductor stocks like Micron (MU), Intel (INTC), and AMD also saw significant declines.
Tickers: $AMD $INTC $MRVL $MU $NVDA
Topics: AI chips Market crash Marvell Technology (MRVL) Nvidia (NVDA) Semiconductors