Stock market today: Dow, S&P 500, Nasdaq futures tumble as Marvell earnings disappoint
Published On Mar 6, 2025, 7:09 AM
US stock futures declined sharply today after disappointing earnings reports from Marvell Technology, which affected investors' confidence, particularly in the tech sector. Marvell's poor sales forecast for the upcoming quarter dented expectations for growth in AI technology. Consequently, shares of Marvell dropped nearly 16%, dragging other semiconductor stocks down as well. The Dow Jones and S&P 500 futures fell 0.8% and 1%, respectively, with the Nasdaq futures declining by 1.2%. Additionally, ongoing tariff discussions and uncertainty over trade policies have added to investor anxiety.
Stock Forecasts
MRVL
Negative
Marvell's disappointing earnings signal potential difficulties in the tech sector, particularly associated with AI market growth, suggesting market cautions may continue in this industry.
NVDA
Negative
Nvidia, alongside other chip companies, may experience a downturn as investors reassess their growth expectations due to Marvell's guidance. This could lead NVIDIA shares to face downward pressure.
AVGO
Negative
Broadcom shares might also be affected similarly to Nvidia and Marvell, as these companies are interconnected in the semiconductor space and depend on market sentiments driven by AI performance.
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