Nova is trading at $355.54, -4.15%, alongside semiconductor shares after Marvell Technology’s disappointing timeline for meaningful Google AI-chip agreement revenue, now expected in fiscal 2029.
- The SOXX ETF fell 2.64% during regular trading, prompting profit-taking across chip stocks.
- Nova’s recent record second-quarter results and higher third-quarter guidance remain supportive.
- No fresh company-specific negative announcement was identified on August 28, 2026.