The stock of Marvell Technology (NASDAQ: MRVL) is getting hit with big sell-offs on Thursday following the company's recent earnings report. Sell-offs for Marvell after earnings are also triggering valuation pullbacks for other artificial intelligence (AI) and semiconductor stocks.

Nvidia ( NVDA -5.74%) stock is getting hit with sell-offs in Thursday's trading. The company's share price was down 5.1% as of 2 p.m. ET amid a 2% decline for the S&P 500 and a 2.5% decline for the Nasdaq Composite.

Despite upbeat Q4 results, shares of Marvell Technology Inc (NASDAQ: MRVL) fell due to concerns over losing next-gen XPU at Amazon. Analysts keep Overweight/Buy ratings with price targets ranging from $100-$135.

Chip stocks were struggling on Thursday following the latest earnings report from Marvell Technology. In a pattern that [has become all too familiar for semiconductor investors](

U.S. equities dipped at midday as confusion over the new tariffs by President Donald Trump led to market uncertainty. The Dow Jones Industrial Average, S&P 500, and Nasdaq were down.

The stock market was poised for another big drop after Marvell Technology’s earnings report sparked further selling in AI stocks. Nasdaq 100 futures dropped 1.4%. S&P 500 futures were down 1.1%. Dow futures were down 0.

Tech stocks got plenty of attention on Thursday as weak earnings from Marvell Technology inspired another selloff in the semiconductor space. But information technology wasn't even the worst-performing sector in early going.