Marvell, Micron shares tumble as the chip sector suffers its worst day in 6 years

Major chip stocks sold off sharply on Friday, producing the sector's steepest one-day loss in more than six years as investors exited momentum-oriented positions. The move points to a broad risk-off shift in semiconductors and related technology names, with sentiment-driven selling rather than company-specific news driving the decline.

Analysis

Major chip stocks sold off sharply on Friday, producing the sector's steepest one-day loss in more than six years as investors exited momentum-oriented positions. The move points to a broad risk-off shift in semiconductors and related technology names, with sentiment-driven selling rather than company-specific news driving the decline.