Shares of Marvell Technology dropped 15% after the AI chipmaker reported lower-than-expected data center revenue and provided a lackluster outlook for the upcoming quarter. The CEO acknowledged some challenges in customer pipeline clarity, raising concerns among investors.
U.S. equities faced a steep decline on Thursday as uncertainty surrounding trade policies and tariff decisions left investors wary. With the February jobs report looming, concerns about hiring and economic strength intensified, leading to significant drops in key tech stocks.
