EUV is trading at $23.80 (-3.23%), declining as semiconductor shares weakened following disappointing investor reactions to Marvell Technology’s results.
- Investors are taking profits after the NVIDIA-led technology rally.
- Uncertainty around Federal Reserve Chair Kevin Warsh’s Jackson Hole speech pressured rate-sensitive growth stocks as Treasury yields moved higher.
- The broader market remained relatively stable, suggesting EUV’s decline is concentrated in technology and semiconductors.