Marvell Technology Group is trading 3.11% down in pre-market at $257.59 amid a broad technology selloff.
- Asian chip shares slid as investors weighed Chinese semiconductor competition and AI investment returns.
- Reuters reported the Philadelphia semiconductor index fell 2.7% Monday, pointing to sector-wide weakness. Marvell announced second-generation Structera X CXL memory expanders on October 12, but available reporting does not establish the announcement as the cause of the decline.