Nvidia has only slightly rebounded from six-month lows reached earlier in the week in the wake of the Trump administration’s imposition of levies on imports from Mexico, Canada,

Despite topping those key guidance metrics, Marvell’s stock fell more than 15% after-hours. This year, investors have been punishing AI-related stocks that fail to meet their sky-high expectations, and Marvell’s stock is now down 18% in the year to date.

Marvell Technology (MRVL) reported fiscal fourth-quarter results that beat analysts’ expectations, but shares tumbled in extended trading as its outlook failed to impress. The semiconductor company saw revenue grow 27% year-over-year to $1.