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U.S. stock selloff deepens losses in Jensen Huang-selected names, with Marvell down 16.74%

U.S. stock selloff deepens losses in Jensen Huang-selected names, with Marvell down 16.74%

Trump called the jobs report very strong, but stronger payrolls, higher Treasury yields and chip-sector pressure drove a broad Nasdaq-led retreat that hit Marvell, Micron, Arm and other AI-linked stocks.

Fact Check
Every specific numeric claim is corroborated by independent authoritative sources. CNN Markets and WSJ confirm Nasdaq -4.18% and VIX +39.68%. CNN's MRVL page confirms Marvell -16.74% on Jun 5, 2026. Anadolu Agency confirms the broader chip-stock selloff (Marvell -16.7%, Micron -13.3%, AMD -10.9%, Intel -11.3%, Nvidia -6.2%) driven by stronger-than-expected May jobs data. The Odaily flash's figures match the claim verbatim. The 'Jensen Huang-selected names' framing is also supported by the BlockBeats pre-market article describing Nvidia-curated AI infrastructure stocks selling off.
Summary

U.S. stocks closed sharply lower as investors interpreted a stronger-than-expected May jobs report as increasing the likelihood of tighter Federal Reserve policy, even as U.S. President Donald Trump said the report was very strong and argued stocks should be rising rather than falling. The Dow fell 1.35%, the S&P 500 lost 2.64% and the Nasdaq dropped 4.18%, while the VIX jumped 39.68%. Semiconductor and AI-linked shares led the decline: U.S.-listed chipmakers lost about $1.3 trillion in market value, the Philadelphia Semiconductor Index fell 10.3% in its steepest one-day drop since March 2020, and Broadcom slid 7.9% after results and guidance disappointed elevated AI-chip expectations. Among names described as the Jensen Huang-selected basket, Marvell fell 16.74%, with other sharp losses including Micron, Arm, Nokia, Nebius, IREN, Teradyne, Ambarella, Intel, Coherent, Corning, Lumentum and CoreWeave.

Terms & Concepts
  • Philadelphia Semiconductor Index: A stock index tracking major semiconductor companies.
  • Treasury yields: Returns investors demand on U.S. government debt.
  • VIX fear index: Wall Street measure of expected volatility.