🔴 STMicroelectronics is trading 4.2% down today after Marvell’s delayed AI-chip revenue timeline disappointed investors

STMicroelectronics is trading 4.2% down now at $49.20 as semiconductor shares retreat after Marvell Technology’s delayed AI-chip revenue timeline disappointed investors.

• The sector ETF SOXX is down 2.64%, indicating industry-wide pressure rather than a fresh company-specific announcement.
• The decline follows the previous session’s 3.38% rally, when stronger Nvidia earnings lifted chip sentiment, suggesting profit-taking and a reversal of that sector move.