Marvell Technology is trading 12% up at $13.77 after sharply rebounding from a prior session decline tied to AI capex worries and a global semiconductor selloff.
- The move aligns with a broader recovery in the chip sector, as the semiconductor index (SOXX) jumps over 5%.
- Broader U.S. indices are also advancing, with the Nasdaq up more than 2%, suggesting significant dip-buying across technology and AI names.