Marvell: Even A Tiny Piece Of The AI Pie Means A Lot
MRVLMarvell Technology(MRVL) Seeking Alpha·2024-06-08 03:16

Georgijevic/E+ via Getty Images Marvell Technology, Inc.'s (NASDAQ:MRVL) stock price has been on a roller coaster ride for the past three years with shares sliding from above 90toabout90 to about 35 in 2022 mostly as a result of the Fed aggressively tightening monetary policy. Then, May 2023 marked a recovery despite declining sales, driven mostly by the AI hype. Data by YCharts Now, AI has emerged as a key growth driver, but overall sales have been impacted by cyclicality, resulting in the stock being punished, b ...