Why Marvell Technology (MRVL) Shares Are Plunging Today

Shares of networking chips designer Marvell Technology (NASDAQ: MRVL) fell 5.9% in the afternoon session as the major indices tumbled after the Trump administration confirmed that the planned 25% tariffs on imports from Canada and Mexico, two of the largest trading partners of the United States, would proceed as planned. The news added to the market's growing unease, which had been building since the start of 2025. For Wall Street analysts, investors, and businesses, the announcement underscored