What’s Going On With Marvell Technology (MRVL) Stock?

Marvell Technology Inc (NASDAQ:MRVL) shares are trading lower by 1.84% to $66.95 during Friday’s session and 10.4% over the trailing week. Semiconductor stocks are seeing a decline this week as reports suggest President Biden might implement additional restrictions on China.

Tech stocks wobble on deepening Sino-US chip war

By Youn Ah Moon and Ankur Banerjee SINGAPORE (Reuters) -Chip stocks in Asia tumbled on Thursday while their European counterparts got off to a tentative start after a news report that the United States was considering tighter curbs on exports of advanced semiconductor technology to China.