The hardest thing about making custom AI chips for large, demanding customers might be the expectations that go with it. Shares of Marvell Technology slid Thursday morning following its quarterly report.

Major U.S. stock indexes declined sharply on Thursday with investors concerned about the impact President Donald Trump's trade policy may have on companies and the broader economy, while Marvell Technology's revenue forecast sparked concerns about spending on artificial intelligence infrastructure.

Marvell Technology’s (MRVL) stock is down 15% after the company posted financial results that were only slightly better than Wall Street

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.

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Marvell Technology's shares closed down 19.8%, marking their worst day in more than two decades and weighing on rival chipmakers' stocks on Thursday, after an in-line revenue forecast gave investors another reason to be jittery about spending on AI infrastructure as a years-long rally shows signs of cooling.

Shares of Marvell Technology are plunging roughly 20% Thursday morning, a day after the semiconductor firm reported an outlook that disappointed some investors.

Perhaps the most surprising part of Marvell Technology 's earnings is that it didn’t surprise investors. The AI semiconductor company lost nearly 20% of its market value on Marc

The chipmaker fell sharply early Thursday as its slight earnings outlook failed to impress investors looking for a boost to the AI trade.