From Yahoo Finance: 2025-04-11 05:47:00

On Thursday, the stock market saw heavy selling as investors reacted to President Trump’s tariff hike on Chinese goods. The Nasdaq dropped 4.31%, the S&P 500 fell 3.46%, and the Dow Jones lost 2.50%. Marvell Technology Inc. (MRVL) was one of the 10 stocks heavily sold down on Thursday.

Marvell Technology Inc. (MRVL) saw a 13.27% decline in share prices on Thursday due to concerns about the impact of the trade war on its semiconductor business. The company recently sold its automotive ethernet business Brightlane for $2.5 billion, expecting revenues between $225 million and $250 million for fiscal year 2026.

Despite being heavily sold down on Thursday, Marvell Technology Inc. (MRVL) continues to position itself as a leading data infrastructure solutions provider. While MRVL shows promise, investors are turning to AI stocks for higher returns in a shorter time frame. If you’re interested in AI stocks, consider checking out the cheapest AI stock currently available.

Read more: Why Marvell Technology Inc. (MRVL) Went Down On Thursday?