Why Marvell Technology Fell Nearly 30% in the First Half of 2025

Shares of communications semiconductor specialist Marvell Technology (NASDAQ: MRVL) fell 29.9% in the first half of 2025, according to data from S&P Global Market Intelligence.Marvell didn't necessarily report any bad news per se in the first half. Rather, the stock's decline may have been the result of a very high valuation entering the year. And although Marvell should ultimately be able to get its share of custom AI XPU chip share, worries over very strong competition in that area may have kept a lid on a May/June recovery, which most other AI chipmakers experienced.Marvell's starting point may have had more to do with its first-half decline as much as than anything else. In 2024, the stock rallied nearly 84%, with the company entering 2025 at a valuation of 70 times 2025 earnings estimates. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool