How much did Marvell Technology stock lose?

The exact percentage was not specified, but it suffered its worst daily drop since the pandemic, after surging over 20% days earlier.

Was Nvidia also affected?

Yes, Nvidia shares fell about 6% as part of the broad sell-off that hit the entire semiconductor sector.

Does this mean the AI boom is over?

Not necessarily. The sharp moves could be a natural correction after large gains, but they raise questions about the sustainability of high valuations.

Chip Stocks Suffer Worst Rout Since Pandemic; Marvell Leads Decline

Chip stocks plunged in a broad sell-off, with Marvell Technology (MRVL) suffering its worst drop since the pandemic. The rout came just days after Nvidia CEO Jensen Huang called Marvell the next trillion-dollar company, triggering a record rally.

June 8, 2026

2 min read

Source: TheStreet

Just days after Nvidia CEO Jensen Huang called Marvell Technology (MRVL) "the next trillion-dollar company," sending the stock to its biggest one-day gain ever, the chipmaker suffered its worst decline since the pandemic. The sell-off was not isolated; the entire semiconductor sector was swept by heavy losses, with the Philadelphia Semiconductor Index falling over 5%.

Possible Causes

Analysts suggest that Huang's overly optimistic comments may have sparked fears of overvaluation in the AI-driven chip sector, which had already seen massive gains. Profit-taking after the record rally also played a significant role in the sharp reversal.

Context

Just three trading days earlier, Marvell shares had surged more than 20% in a single session following Huang's remarks. By Thursday's close, the stock had erased a substantial portion of those gains. The extreme volatility comes amid growing debate over whether AI stocks are in a bubble.

Similar Moves in the Sector

The rout extended beyond Marvell. Nvidia (NVDA) fell about 6%, AMD (AMD) dropped 4%, and Intel (INTC) lost 3%. Other major chipmakers like Broadcom (AVGO) and Qualcomm (QCOM) also declined more than 4%.

Frequently Asked Questions

The sell-off was driven by profit-taking after record gains and growing concerns that AI-related chip stocks are overvalued.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.