NVIDIA is trading 3.04% down now at $9.57 as semiconductor stocks retreat following Marvell Technology’s disappointing AI-chip timeline.

  • Marvell fell after management said Google-related revenue would contribute much more significantly in fiscal 2029, later than investors expected.
  • Sector weakness is prompting profit-taking after NVIDIA’s August 27 rally, when its 70% fiscal 2028 growth forecast exceeded Wall Street’s roughly 44% consensus.
  • Broader markets are only modestly lower, making semiconductors the primary pressure point.