MRVL.BA is trading 8% down today at $26,120 as part of a broader retreat in high-flying semiconductor and AI names.
- The decline comes as the Parabolic 7 trade unwinds following massive year-to-date gains and growing concerns over valuation risks.
- Marvell and its peers are facing basket-level selling driven by uncertainty regarding the sustainability of AI demand.
- A generally weaker chip sector and a downward trend in the NASDAQ are adding further pressure to the share price.