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Nvidia, Marvell, and SanDisk Chip Stocks Decline Amid Iran War Tensions

Guavy AI Editorial Team
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NVDA
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Chip stocks suffered losses on Thursday, July 16, 2026, with Nvidia Corp. (NVDA), Marvell Technology Inc. (MRVL), and SanDisk Corp. (SNDK) declining between 2% and 8% in morning trade.

The Direxion Daily Semiconductor Bull 3X Shares (SOXL) ETF fell more than 10%, while the iShares Semiconductor ETF (SOXX) dropped over 3%

Ben Reitzes, Head of Technology Research at Melius, attributed some of the decline to investors rotating out of chip stocks amid tensions over the war in Iran. He stated that the market 'may flock to safety' when macro-level events like this occur.

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