The drop also stands out versus the Technology sector’s -2.4% slide, pointing to a risk-off rotation hitting semis harder than the broader tape.In that backdrop, Nasdaq futures were down 0.87%, and strategists flagged renewed worries around AI infrastructure spending plus the prospect of lower-cost Chinese competition.Technical AnalysisAt $174.00, MRVL is still up 128.84% over the past 12 months, but the chart is in a corrective phase after a June swing high and a May swing low that now reads like a failed rebound attempt. The stock is trading 20.5% below its 20-day SMA ($220.48), and 26.7% below its 50-day SMA ($239.20), which keeps near-term trend pressure pointed down.Earnings & Analyst OutlookLooking further out, the next major catalyst for the stock arrives with the August 27, 2026 (estimated) earnings report.
EPS Estimate: 87 cents (Up from 67 cents YoY)
Revenue Estimate: $2.70 Billion (Up from $2.01 Billion YoY)
Valuation: P/E of 65.0x (Indicates premium valuation relative to peers)
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $270.83. Recent analyst moves include:
