1 TRILLION Dollar Chip Market CRASH! Marvell Plummets 16%! Is the AI Boom OVER Today?
Did you know the chip sector collectively shed a staggering one trillion dollars in market value in just one session last Friday? Marvell Technology, once hailed as the next trillion-dollar company by Nvidia's CEO and experiencing its biggest one-day gain ever, plummeted over 16% to become the market's worst-performing large chip stock. This stunning reversal, the steepest semiconductor sell-off since the 2020 crash, also saw giants like Micron, Intel, and Nvidia suffer significant losses. The market mood soured rapidly, fueled by high expectations without fresh numbers and Broadcom's reluctance to raise its AI chip forecast, signaling a swift reevaluation of the booming AI chip trade. For more gripping market insights and to stay ahead of the next big move, be sure to subscribe to our channel.
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