Marvell Technology Group Ltd is trading 10.1% down today at $284.34 as profit-taking hits the AI semiconductor space following a period of stretched valuations.
- The stock is retreating from near-record highs after a sharp multi-day, AI-driven surge.
- Broader chip-sector weakness is being fueled by a steep sell-off in peer Broadcom following disappointing AI guidance, which is pressuring the entire semiconductor group.