🔴 Marvell Technology is trading 4.37% down today as Treasury yields pressure chipmakers

Marvell Technology is trading 4.37% down at ARS 23830 as rising Treasury yields pressure semiconductor stocks.

• Reuters said high government-bond yields reduce the present value of future technology profits and increase borrowing costs; elevated oil prices and fading U.S.-Iran diplomatic prospects also fueled the selloff.
• The decline came despite a bullish UBS note on its AI franchise. SOXX is down 4.71%, with major technology indexes also lower, indicating a macro- and sector-driven move.
• Fiscal third-quarter results are scheduled for August 27, 2026.