Marvell stock swings through AI-chip selloff and rebound
The gist
Marvell Technology shares fell 8.13% to $224.01 on Oct 27 after an AI-chip selloff and supply warnings.
The swings show how sensitive data-center chip stocks are to AI spending sentiment.
How it unfolded
- Oct 7, 2026UBS maintained Buy and raised its forecast to $350; Jefferies kept Buy and lifted its forecast to $450; JPMorgan maintained Overweight and raised its forecast to $360.
- Oct 22, 2026Marvell stock slid nearly 5.0% in morning trading to $232.62 as a broad selloff hit U.S. optical communications and AI-linked semiconductor stocks; Lumentum, Credo Technology, Coherent and Ciena each fell over 5% before the open.
- Oct 23, 2026Shares rose about 3% Friday as semiconductor stocks rebounded, after supply-chain concerns helped push Marvell down nearly 8% Thursday. Lam Research warned near-term supply constraints could push some December-quarter shipments into March.