Qualcomm and Marvell Decline After ByteDance ASIC Deal

Qualcomm shares fell 8% following news of a custom chip (ASIC) deal with ByteDance. The development heightened concerns about custom silicon makers, triggering selling pressure across the sector. Marvell Technology shares also dropped 10% in a similar impact. The deal with ByteDance is seen as Qualcomm's strategic move into custom chip design, but investors are questioning its effect on the company's current business model and profitability. Increased competition in the custom silicon market, in particular, negatively affected the stock performance of other players like Marvell. Analysts note that the trend of major tech companies like ByteDance developing their own chips could pose long-term risks for traditional chip suppliers. This is prompting firms operating in the custom silicon segment to reassess their growth expectations. This is not investment advice.

📊 MRVL — Piyasa Yorumu

▼ down · 75%

The stock experienced a sharp decline of over 14% in the last 24 hours, falling below both its 20-day and 50-day moving averages. Although the RSI is approaching oversold territory at 34, it has not yet given a recovery signal. The MACD line is well below the signal line and in negative territory, indicating weak short-term momentum. The negative news following the ByteDance ASIC deal, combined with the technical outlook, suggests that selling pressure may continue. While the short-term downtrend is expected to persist, caution is advised for a possible reaction buying in oversold territory.

RSI 14

34.7

MACD

-3.15

24h Δ

-14.12%

📊 QCOM — Piyasa Yorumu

▼ down · 85%

The stock experienced a sharp decline of up to 18% from its last closing price, with the RSI entering oversold territory at 20.6. MACD values remain in negative territory and below the signal line, indicating strong bearish momentum. The price has fallen well below both the 20-day and 50-day moving averages. The headline suggests that the ByteDance ASIC deal has been received negatively and poses a risk factor for the company. Despite oversold conditions in the short term, the likelihood of the downtrend continuing is high.

RSI 14

20.6

MACD

-8.73

24h Δ

-17.98%

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