Marvell Technology is trading at $18.84, down 3.98%, amid a semiconductor selloff after OpenAI paused work on some advanced AI models, reviving concerns about future demand for chips and data-center infrastructure.
- Chipmakers were among the hardest-hit stocks in Monday trading.
- Broader risk-off sentiment also weighs on markets as U.S.-Iran tensions lift oil prices and rising yields pressure investors.
- SOXX is down 2.62%; no distinct Marvell-specific catalyst was found.