Marvell’s 58% Drop Last Year Gives Investors a Magnificent Buying Opportunity

Once the economy rebounds, this company’s business should take off like a rocket. Although Marvell ( MRVL -0.84%) 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%. Consequently, many investors in 2021 that pictured nothing but rapid growth ahead are now weeping at their losses. 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? Let’s take a look. Transforming into a data infrastructure company 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. Today, the company focuses on storage, networking, computing, and security, the core technology needed for infrastructure powering the data economy. Marvell made the pivot to data infrastructure at the right time. The global economy survived COVID-19 mainly because people could remain connected during the pandemic through the infrastructure products that this company […]

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