Should You Buy Marvell Stock After a 30% Dip in a Month?
Marvell Technology, Inc.’s MRVL shares have plunged 30.2% in the past month, underperforming the Zacks Electronics – Semiconductors industry, Zacks Computer and Technology sector and S&P 500 index’s decline of 24.5%, 16.2% and 12.2%, respectively.
This steep decline in the share price of this semiconductor leader raises the question: Should investors take advantage of this sharp decline and buy the dip? While the near-term challenges for Marvell Technology are real, the long-term growth prospects for the company remain intact, making a strong case for buying the stock at present.
Image Source: Zacks Investment Research
Marvell Technology’s recent decline stems from a mix of broader…
