
One of the AI darlings of the stock market in 2024, Marvell Technology (NASDAQ: MRVL), has fallen on its face in 2025. After rising 83% in 2024, the stock is down 40% this year through Mar. 10. Despite beating expectations in its latest earnings report, the stock dropped nearly 20% afterward.
Additionally, a generalized sense of fear currently gripping much of the stock market has hurt this company. The more sensitive tech sector is getting hit especially hard. As of the Mar. 10 close, the Technology Select Sector SPDR Fund (NYSEARCA: XLK) is down 14% from its Feb. 19 high. This puts the sector in solid correction territory.