Chip-related stocks witnessed a broad decline, with Marvell Technology tumbling over 17%, NVIDIA leveraged ETF 2x sliding 7.4%, and AMD, Coherent, Broadcom, and others all dipping more than 3%. Consequently, the three major U.S. stock indices closed in unison with losses, including the Nasdaq dropping 1.25%, the S&P 500 declining 0.8%, and the Dow falling 0.47%.