Key takeaways
- Marvell is getting hit twice: investors are fleeing AI data center stocks after the midterms, and its all-stock Lumentum deal could mean significant dilution.
- Marvell Technology, Inc. (MRVL) stock is down 13.4% as of 2:42 p.m. ET on Thursday, Nov. 5, after Democrats' midterm victory set off a sell-off in chip and AI infrastructure stocks.
- The S&P 500 (^GSPC -3.95%) and the Nasdaq Composite (^IXIC -4.99%) are down 3.9% and 5.0%, respectively.
Marvell stock is falling hard after Democrats' midterm victory set off a selloff in chip and AI infrastructure stocks. Democrats' new governors in Texas, Ohio, and Georgia, all major AI data center states, are promising construction moratoriums, and Marvell sells the networking chips that move data around inside those data centers.
See the latest quote, chart and news for MRVL.
