Marvell Technology (MRVL) closed the most recent trading day at $42.51, moving -0.56% from the previous trading session.
Although Marvell (NASDAQ: MRVL) might have the best long-term growth potential of all semiconductor companies, its fundamentals succumbed to the worsening economy in 2022, and the stock plunged 58%. Considering that the economy is worsening and many economists and business leaders believe the global economy is on the brink of recession, should you give this stock a pass right now, or use the decline over the past year to buy shares of an excellent company while it's down? In 2016, a new management team began transforming Marvell from a maker of hard drives, Wi-Fi devices, and multimedia solutions to a pure play on data infrastructure.
In the latest trading session, Marvell Technology (MRVL) closed at $40.49, marking a -1.32% move from the previous day.