MARVELL TECHNOLOGY INC CEDEAR E is trading 13.7% down at $20.52 following a renewed risk-off move in growth and semiconductor shares triggered by sector-wide profit taking.
- The decline is linked to Broadcom’s post-earnings slide, which has sparked a broader retreat in AI-chip stocks.
- Macroeconomic pressure from hotter-than-expected U.S. jobs data is further weighing on the Nasdaq and other rate-sensitive tech equities.