On July 13, Marvell Technology fell 3.97% in regular trading, trading at approximately $220.87/share, with turnover of $6.26 billion. The decline was driven by a broad selloff across the semiconductor and memory sectors triggered by massive profit-taking in SK Hynix.

On the news front, SK Hynix's Korean-listed shares plunged over 15%, marking its largest single-day decline on record, after investors rushed to lock in gains following the chipmaker's Nasdaq ADR debut which had sparked a price surge. The selloff rippled across the global semiconductor and memory sectors. In U.S. trading, Intel and ARM fell over 5%, Marvell Technology and ON Semiconductor dropped over 4%, and AMD declined over 3%. Memory stocks were hit hardest, with SK Hynix down over 7%, SanDisk and Western Digital falling over 6%, and Micron Technology sliding over 5%.

The broader market reflected the pressure, with the Nasdaq Composite opening down 0.70% while the Dow Jones edged up 0.06%, indicating concentrated selling in technology-heavy names amid the sector rotation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)