Why Marvell Technology Stock Fell 37% in July
Semiconductor stocks took the brunt of AI spending skepticism.
Overview
Shares of the semiconductor company Marvell Technology (NASDAQ: MRVL) fell hard in July as investors sold off many artificial intelligence and semiconductor stocks amid growing skepticism that the massive wave of AI spending will be worth the costs.
Marvell's stock fell 37% last month, according to data from S&P Global Market Intelligence, as investors seem to have reset their expectations for the company.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.