Marvell Technology Group is trading 3.00% lower at $254.07 amid broader U.S. market weakness. - The S&P 500 is down 0.44%, and the Nasdaq Composite is down 0.62%. - Reuters reported September 28 that markets weakened as oil prices rose after President Trump rejected Iran’s proposal, reviving inflation concerns and pushing Treasury yields higher. - UBS reportedly raised its price target to $335 on confidence in the Maia AI chip ramp; this positive company news is not a clear explanation for the decline.