Marvell Technology shares are trading lower as chip stocks pull back after gaining on Wednesday.
Portfolio Pulse from Benzinga Newsdesk
Marvell Technology shares are trading lower as chip stocks pull back after gaining on Wednesday.
June 06, 2024 | 4:52 pm
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NEGATIVE IMPACT
Marvell Technology shares are trading lower as chip stocks pull back after a recent gain.
The decline in Marvell Technology's share price is part of a broader pullback in chip stocks, which had previously seen gains. This suggests a short-term negative impact on MRVL's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100