# MarvellPlungesNearly10%

On June 16, the US AI chip sector faced a sharp profit-taking selloff. Marvell Technology tumbled 9.78% to $278.67, making it the worst performer in both the Philadelphia Semiconductor Index and the S&P 500. AMD fell 7.3%, Micron dropped 6.18%, and Intel plunged 8.45%, dragging the Philadelphia Semiconductor Index down 5.71%. Despite intact AI custom silicon demand fundamentals, Marvell had surged over 227% year-to-date, with valuation reaching 96x P/E, triggering concentrated profit-taking. The market is shifting from "theme chasing" to "fundamental validation" phase.