Traders Heavily Sold Down These 10 Stocks on Thursday

7. Marvell Technology Inc. (NASDAQ:MRVL)

Marvell Technology saw its share prices nosedive by 13.27 percent on Thursday to end at $52.87 each as investor sentiment was dampened by the ongoing trade war’s potential impact on its business.

With MRVL’s business of manufacturing and distributing semiconductor products globally, including China, the escalating trade war between two of the world’s largest economies could largely impact supply chain operations and result in lower demand for its products.

In other news, MRVL entered into a definitive agreement with Infineon Technologies AG for the sale of its automotive ethernet business Brightlane for $2.5 billion.

According to MRVL, the sale is expected to generate revenues between $225 million and $250 million for fiscal year 2026.

“Marvell has transformed itself into a leading data infrastructure solutions provider, with the data center end market driving 75 [percent] of consolidated revenue in the fiscal fourth quarter of 2025,” said MRVL Chairman and CEO Matt Murphy. ”We believe this transaction delivers the strongest financial return for Marvell shareholders, given its compelling valuation.”