Why Marvell Stock Is Falling Today
6 Articles
6 Articles
At around 14:15 GMT (16:15 in Paris), the Nasdaq index - which brings together the major technological names - was losing 0.84%, the Dow Jones was falling by 0.21% and the expanded S&P 500 index was dropping 0.54%. "The AI-related actions are shrinking this morning, (...) after the calls made by several figures in the technology sector to slow down the pace of development" of these tools, citing security risks, says David Morrison, broker Trade …
Fears of a slowdown in the AI race are sending some of the world's largest tech and chip companies down, and futures point to the tech-heavy Nasdaq 100 index falling 1.5 percent.
The day leaves corrections in signatures from Europe, USA and Asia
AI Slowdown Calls Send Marvell 7.9% Lower Before the Open
Marvell Technology lost nearly one-twelfth of its market value before Monday’s opening bell without issuing a new forecast. MRVL traded at $217.50 at 8:46 a.m. Eastern, 7.9% below Friday’s $236.10 close, according to Yahoo Finance’s premarket feed. The catalyst was a sector-wide reassessment of AI spending rather than Marvell-specific news. U.S. technology futures slid after…
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