TradingKey – Custom AI chip giant Marvell Technology ( MRVL )’s stock price continued to trend lower after touching approximately $290 in early July, briefly falling to the $160 range on July 29, before halting its decline and rebounding to close near $188 at the end of the month.

Entering August, the rebound accelerated, with a single-day gain of nearly 13% on August 4 to close at $218.59. However, despite the clear recent rally, the current share price of $210.54 (as of the August 6 close) is still about 36% below its 52-week high of approximately $329, leaving significant room to recoup its losses.