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Marvell Stock Fell 58% From Its Record. History Says What Followed Its Last 4 Drops This Deep.
The Motley Fool·
Marvell Technology stock has fallen 58% from its June 2024 record high to $133.55, marking the fourth time since 2000 the chip designer has experienced such a deep drop. Historical analysis shows that two previous crashes took over 5 years to recover, while the most recent two recovered within 1-2 years. The author argues the current situation resembles the faster recoveries, citing accelerating revenue growth (52% expected in Q3) and a more reasonable valuation (19x forward earnings vs. 43x at the June peak), making the stock potentially attractive despite the significant decline.
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