Marvell Falls 7% as AI Pacing Debate Collides With Fed Week; Broadcom Drops 4%, NVIDIA Pulls Back

Quick Read Marvell dropped 7% and Broadcom fell 4% as an AI pacing debate and an expected Fed rate hike simultaneously hit high-multiple chip stocks hardest. SOXX fell 5% while QQQ dropped just 0.8%, confirming the damage is chip-sector specific rather than a broad tech selloff. Marvell leads losses because its 159% year-to-date gain reflects heavy dependence on future cash flows, which rising rates discount most aggressively. Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor) Marvell Technology (NASDAQ:MRVL) shares are falling sharply midday Monday as a fresh debate over the pace of artificial intelligence (AI) infrastructure spending collides with a Federal Reserve policy week. Marvell stock is down 7% to $220.