MRVL is trading at $263.15 (3.3% down) as part of a broader pullback in semiconductor and AI-related stocks.

  • Asian markets saw a sharp rotation out of chipmakers overnight, with Korean tech heavyweights dropping 7–9%.
  • U.S. futures are lower as investors reassess AI-chip valuations and await key labor data, pressuring high-beta names despite no company-specific news.