Is Marvell Technology Stock a Buy?
MRVLMarvell Technology(MRVL) The Motley Fool·2024-06-05 17:50

The chipmaker sank following its latest quarterly report, but investors should not miss the silver linings. 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 (MRVL -2.68%). 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% afte ...