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AI Spending Fears Crush Semiconductor Stocks: Marvell Down 37%

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The Story

News Summary

  • Marvell Technology plunged 37% in July amid broader AI/semiconductor sell-off as investors question AI capex ROI.
  • Alphabet's rising spending plans and an analyst downgrade added pressure, though Marvell's valuation remains high ahead of its Aug.
  • 27 earnings.
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NVDA price history

210.96 +18.92% over the displayed period

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