Marvell (MRVL) Down 8% MTD: What Should Investors Do Now?

Marvell Technology, Inc. (MRVL) shares have declined 8.3% so far in July 2024. This drop follows Bloomberg's Jul 16 report about the U.S. government planning to tighten restrictions on China's access to advanced AI chips.On Jul 17, MRVL shares fell by 10.1% in response to the news, and the decline has since deepened, erasing 15.4% of its market capitalization. Before the Bloomberg report, Marvell stock was up 25.7% year to date. However, after the report, its year-to-date return has fallen to 6.3%, signific ...