AI Chip Leaders Nvidia, AMD, Broadcom Slide Amid Marvell Earnings and US Policy Concerns

Anusuya Lahiri

March 06, 2025

Artificial intelligence chip stocks, including Nvidia Corp (NASDAQ:NVDA), Advanced Micro Devices, Inc (NASDAQ:AMD), Taiwan Semiconductor Manufacturing Co (NYSE:TSM), Broadcom Inc (NASDAQ:AVGO), Arm Holdings (NASDAQ:ARM), and Micron Technology, Inc (NASDAQ:MU), are trading lower Thursday in sympathy with AI infrastructure stock Marvell Technology Inc (NASDAQ:MU).

On Wednesday, Marvell reported fourth-quarter adjusted earnings of 60 cents per share, beating the 59 cents consensus estimate. Quarterly revenue was $1.82 billion, up 27%, beating the $1.79 billion analyst consensus estimate.

Also Read: Intel Panther Lake Delay Pushes Key Notebook Launch To 2026

Strong growth in its data center end market drove the growth. Marvell expects first-quarter revenue of $1.78 billion-$1.96 billion, versus the $1.87 billion estimate.

The company expects overall revenue from the auto and industrial end market to decline sequentially in the high single digits on a percentage basis.

The AI chip stock selloff also reflects concerns over the possible scrapping of the U.S. chip subsidies for contract chipmakers like Taiwan Semiconductor to build their semiconductor chip fabs in the country. President Donald Trump recently indicated his desire to scrap the U.S. CHIPS Act.

Next week, President Donald Trump will meet leaders of some of the leading tech companies, including HP Inc (NYSE:HPQ), Intel Corp (NASDAQ:INTC), International Business Machines Corp (NYSE:IBM), and Qualcomm Inc (NASDAQ:QCOM), which are vulnerable to Trump's potential stricter tariff policies in the computer hardware industry, Bloomberg reports.

Tariffs can make manufacturing hubs like China more expensive and potentially disrupt supply chains. Therefore, technology companies sought transparency regarding restrictions on exporting advanced technology to artificial intelligence data centers.

Meanwhile, Taiwan President Lai Ching-te and Taiwan Semi CEO C.C. Wei held a press briefing on Thursday and said it was "not afraid" of losing Washington's subsidies for its massive U.S. investments.

Earlier this week, the Taiwanese contract chipmaker announced plans to invest another $100 billion in its U.S. facilities in addition to its existing investment of $65 billion. Any additional U.S. investment made by TSMC would require Taiwan's government's approval. Taiwan maintained that the country would continue to be the key advanced semiconductor headquarters.

Price Action: NVDA stock is down 4.4%, TSM -3.38%, QCOM -1.55%, AVGO -5.20% at the last check on Thursday.

Also Read:

Amazon To Launch AI Reasoning Model In June, Reinforcing AWS's AI Dominance

Photo: Nazrul Iznan via Shuttestock

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