Fear & Greed Index Rises as U.S. Stocks Decline Sharply
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 09 2026
0mins
Source: Benzinga
- Deteriorating Market Sentiment: The CNN Money Fear & Greed Index recorded a reading of 26.7 on Friday, indicating a persistent state of 'Fear' in the market, down from 28.3 previously, reflecting investor anxiety about future market conditions.
- Significant Stock Market Decline: The Dow Jones dropped over 450 points to close at 47,501.55, while the S&P 500 fell 1.33% to 6,740.02, and the Nasdaq Composite declined 1.59%, showcasing overall market weakness and investor pessimism.
- Weak Economic Data: U.S. retail sales fell by 0.2% month-over-month in January, missing the market estimate of a 0.3% decline, and the nonfarm payrolls decreased by 92,000 in February 2026, with the unemployment rate rising to 4.4%, indicating heightened risks of economic slowdown.
- Oil Price Surge Risks: Qatar's energy minister warned that oil prices could surge past $150 if the Strait of Hormuz were to close completely, with crude prices rallying nearly 35% this week, marking the largest weekly gain in commodity trading history, which could have profound implications for the global economy.
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Analyst Views on MRVL
Wall Street analysts forecast MRVL stock price to fall
30 Analyst Rating
22 Buy
8 Hold
0 Sell
Moderate Buy
Current: 204.830
Low
85.00
Averages
120.12
High
156.00
Current: 204.830
Low
85.00
Averages
120.12
High
156.00
About MRVL
Marvell Technology, Inc. together with its consolidated subsidiaries, is a supplier of data infrastructure semiconductor solutions, spanning the data center core to network edge. It is engaged in the design, development and sale of integrated circuits. Its product offerings include custom application-specific integrated circuits (ASICs), interconnects, ethernet solutions, fiber channel adapters, processors and storage controllers. In addition, it is also developing Ultra Accelerator LinkTM (UALinkTM) switches and ethernet for scale-up networking (ESUN) switches for the emerging scale-out artificial intelligence market. Its solutions integrate multiple analogs, mixed-signal and digital intellectual property components incorporating hardware, firmware and software technologies and its system knowledge to provide its customers with integrated solutions for their end products. It designs and manufactures photonic integrated circuits for ultra-high-bandwidth and low-power applications.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Significant Revenue Growth: In fiscal Q1 2024, Marvell's revenue surged 28% year-over-year to $2.42 billion, with data center and communication segments growing 27% and 29% respectively, indicating strong market demand and business expansion potential.
- Optimistic Future Outlook: The company projects a 35% year-over-year revenue growth for fiscal Q2, reaching approximately $2.7 billion, with adjusted EPS expected to rise from $0.67 last year to $0.93, reflecting ongoing improvements in profitability.
- Upgraded Annual Forecast: Marvell has raised its full-year revenue outlook to $11.5 billion, up from $11 billion, representing a 30% growth, with the data center business expected to grow by 50%, showcasing strong confidence in future market conditions.
- Custom Chip Business Prospects: By fiscal 2028, Marvell anticipates a 45% revenue increase to $16.5 billion, with its custom chip business projected to double, indicating that the company's strategic positioning in AI and data centers is yielding positive results.
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- Strong Financial Performance: Marvell's fiscal Q1 revenue surged 28% year-over-year to $2.42 billion, exceeding management's forecast of $2.4 billion, indicating robust performance in custom chips and optical interconnects.
- Data Center Revenue Growth: The data center segment saw a 27% year-over-year increase in revenue to $1.83 billion, with expectations for continued growth in the coming quarters, particularly as the interconnect business is projected to surge by 70%.
- Optimistic Outlook: Marvell anticipates a 40% revenue growth for fiscal 2024, reaching nearly $11.5 billion, up from a previous forecast of $11 billion, reflecting strong confidence in the data center market.
- Custom Chip Business Potential: The company expects its custom chip business to double by fiscal 2025, driving overall revenue to $16.5 billion, underscoring Marvell's strategic importance in the AI and data center sectors.
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- Dell's Impressive Earnings: Dell Technologies' latest earnings report is described as a 'blowout,' indicating strong market demand that could signify its dominance in the computer space, further fueling enthusiasm around data center trades.
- Nvidia's Challenges: While tech stocks have performed well, Nvidia has emerged as a notable laggard, with expectations that CEO Jensen Huang's upcoming keynote at Computex in Taiwan could introduce new products and potentially shift this trend.
- Market Dynamics to Watch: Next week, Merck will review its cancer portfolio, while Palo Alto Networks and Ulta are set to report earnings; Cramer anticipates that these companies may be influenced by AI-driven market changes, particularly in cybersecurity.
- Employment Data Impact: The Labor Department's jobs report on Friday will shape expectations for interest rate cuts, with Cramer noting that the data needs to be weak enough to justify a rate cut from the Federal Reserve, which could influence investor decisions.
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- Dell's Blockbuster Earnings: Dell Technologies' recent earnings report is described as a 'blowout,' reigniting enthusiasm for AI and data center stocks, and potentially marking a pivotal moment for its dominance in the computer space.
- Nvidia's Lagging Performance: Despite the strong performance of tech stocks, Nvidia has emerged as a laggard, with Cramer suggesting that next week's Computex keynote by CEO Jensen Huang could provide crucial updates that may shift this trend.
- Upcoming Earnings Reports: A series of earnings reports from companies like Palo Alto and Broadcom next week are expected to offer significant insights for investors, particularly regarding the rising AI-driven cybersecurity threats that could impact results.
- Lululemon's Reset Quarter: Cramer cautions that Lululemon may face a challenging 'reset quarter,' advising investors to be cautious ahead of the earnings report to mitigate potential losses.
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- Stock Price Decline: POET Technologies' shares fell 7.3% on Friday, closing at $12.30, marking a roughly 40% drop from mid-May's peak above $20, indicating significant market concerns about its future prospects.
- Order Cancellation Impact: The cancellation of all purchase orders by Marvell's AI division late last month led to a staggering 47% drop in shares in a single session, highlighting a major crisis in the company's customer relationship management.
- Share Dilution from Offering: The announcement of a $400 million registered direct offering, adding approximately 19 million new shares and matching warrants, has further diluted existing shareholders, increasing investor anxiety.
- Legal Action Risks: POET is currently facing multiple securities class actions related to tax misstatements and other allegations, which heightens governance risks and further undermines market confidence in its stock.
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- Photonics Investment: Since March, NVIDIA has invested $2 billion in companies like Lumentum, Coherent, and Marvell to advance photonics technology, aiming to enhance AI infrastructure performance and efficiency, thereby maintaining a competitive edge in a rapidly evolving market.
- Silicon Photonics Expansion: CEO Jensen Huang announced at the GTC conference that NVIDIA is scaling its silicon photonics capacity, indicating that significantly higher technological capabilities will be required to meet market demands, which will greatly enhance the computational power and response speed of its products.
- Manufacturing Challenges: Analysts from 650 Group highlight that the rapid growth of photonics technology will face challenges in supply chain and manufacturing capabilities, especially with surging demand, potentially requiring one to two product generations to adapt to the new technology.
- AI System Adaptation: Analyst Gil Luria noted that existing AI systems will need significant redesign to incorporate optical components, a process that may extend product update cycles, but successful implementation will significantly improve the performance and efficiency of AI models.
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