Semiconductor stocks fall at Aug. 19 close as Marvell surges on Google deal

U.S. semiconductor stocks broadly declined at the Aug. 19 New York market close, with the Philadelphia Semiconductor Index down 2.12%, as investor disappointment over OpenAI’s second-quarter results heightened concerns about AI losses, capital spending and financing costs. Broadcom fell 4.57%, Intel 4.02%, AMD 3.71%, Nvidia 0.99% and Micron 0.39%, while SK Hynix’s U.S.-listed American Depositary Receipt rose 0.35% to $156.16, approximately 220,000 won. Marvell Technology bucked the sector trend, gaining about 9.9% after announcing a collaboration with Google on custom AI semiconductors and granting Alphabet warrants to purchase up to $12.2 billion of Marvell stock. AI-related shares were broadly stronger overall, led by Tempus AI’s 24.09% gain. The S&P 500, Nasdaq Composite and Dow Jones Industrial Average rose 0.21%, 0.16% and 0.22%, respectively, while the VIX fell 6%. MSX.COM data cited by Odaily also described MSX as a real-world-asset trading platform listing hundreds of tokens linked to stocks and ETFs.

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