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3 Chip Stocks Sinking Alongside Nvidia: LRCX, MRVL, WDC
Schaeffers Investment Researchยท2025-11-11 20:07

Core Viewpoint - Big Tech is experiencing volatility due to concerns over AI overvaluation, with chip stocks particularly affected following SoftBank's sale of its entire Nvidia stake for $5.83 billion [1] Company Summaries - Lam Research Corp (LRCX) is down 4.1% to $159.49, pulling back from a record peak of $167.15, but still maintains a year-to-date gain of 121.3%, with support at the 20-day moving average and the $150 level [2] - Marvell Technology Inc (MRVL) is trading 3.4% lower at $90.02, having failed to break the $100 level last week, despite reaching its highest level since February; shares have lost 18.3% over the past 12 months, although supported by the ascending 40-day trendline since September [3] - Western Digital Corp (WDC) is down 1% to $172.50 after hitting a record high of $178.45; the stock has shown strong performance with a 285% lead for 2025, supported by the 20-day trendline after breaking above the $140 resistance level in late October [4]