MRVL - Is Marvell Technology Stock a Buy?
2024-06-05 05:50:00 ET
The semiconductor sector has done well in 2024, as evidenced by the 23% gains clocked by the PHLX Semiconductor Sector index this year. This rally also had a positive effect on shares of Marvell Technology (NASDAQ: MRVL) .
Then Marvell's rally came to a screeching halt with the May 30 release of its fiscal 2025 first-quarter results (for the three months ended May 4, 2024). The stock price fell 10% after the company released a mixed quarterly report.
A closer look at Marvell's latest results indicates that its recent pullback could offer a buying opportunity for savvy investors. Let's look at the reasons why.
For further details see:
Is Marvell Technology Stock a Buy?