Marvell Technology stock fell sharply after the company posted slightly better-than-expected earnings.For its fiscal fourth quarter ending in January, the company reported revenue of $1.82 billion versus the Wall Street consensus of $1.

Nvidia Corp.’s stock was among the many semiconductor stocks moving lower in Thursday morning action, in the wake of Marvell Technology Inc.’s earnings report which has put a further dent in the artificial-intelligence trade.

Despite topping those key guidance metrics, Marvell’s stock fell more than 15% after-hours. This year, investors have been punishing AI-related stocks that fail to meet their sky-high expectations, and Marvell’s stock is now down 18% in the year to date.