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Stock impact report

Nvidia and Other Chip Stocks Fall as Tariff-Fueled Rout Continues [Yahoo! Finance]

Marvell Technology, Inc. (MRVL) 
Last marvell technology, inc. earnings: 3/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: marvell.com/company/investor_relations
Company Research Source: Yahoo! Finance
Donald Trump unveiled a set of global tariffs that sent stock markets dramatically lower—and the first since China announced its own retaliatory measures . The latest news offered investors yet another indication that trade war is here to stay, at least for now. The PHLX Semiconductor Index ( SOX ), which tracks chip shares, was recently down about 7%. Four of its components, namely Marvell Technology ( MRVL ), Coherent ( COHR ), Entegris ( ENTG ) and Micron Technology ( MU ), were recently off more than 7% apiece. “Because many finished electronics goods and IT infrastructure goods are ultimately imported from many of [the countries affected by the new tariffs],” UBS analysts wrote Thursday, “this could have a profound negative impact on electronics demand.” Nvidia ( NVDA ), one of last year's stock-market darlings, was off more than 7% in recent trading. Citi analysts yesterday suggested that analog chipmakers like Analog Devices ( ADI ) could outperform the broader sector i Show less Read more
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