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.

The latest earnings beat Wall Street’s estimates, but the company’s outlook was roughly in line with expectations.

German stocks rallied 1.5% as the market continues to feel reverberations from an agreement by the two parties that will form the country’s next government to loosen constitutional limits on borrowing. It’s a major turnaround in German budget policy and opens the way for new borrowing and spending over the next decade.

Wall Street's sell-off kicked back into gear after tariff whiplash and falling AI stocks dragged the market lower.