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I started covering Marvell Technology, Inc. (NASDAQ:MRVL) on Seeking Alpha after their Q4 earnings. At that point, the stock had already taken a significant hit, and I viewed the selloff as an entry opportunity.
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Marvell: June Event Becomes The Moment Of Truth
Summary
- Marvell Technology, Inc.'s fundamentals are improving, with strong earnings and segment recovery, but market sentiment remains cautious due to custom silicon uncertainty.
- The loss of exclusivity on Amazon's Trainium 3 is a yellow flag, but management expects revenue continuity and growth from next-gen programs.
- Valuation now reflects a limited downside, with negative sentiment creating room for upside surprises if new design wins materialize at the June event.
- I maintain my Buy rating for MRVL stock, seeing current multiples and mature segments recovery as a cushion, but acknowledge the June event is a critical binary catalyst.
I'm a full-time analyst and portfolio manager of a technology fund with 5 years of experience. I graduated in Mechanical Engineering from the Federal University of Rio de Janeiro (Brazil) and École Centrale de Lyon (France). I'm currently licensed by the Brazilian Securities Commission (CVM) as both a portfolio manager and an investment consultant. I also completed CFA Level II in 2024. I previously worked in the oil and gas sector before making a career change. I began studying global equities to invest my own money, with one of my earliest studies focusing on NVDA in 2017. Once I started diving into the semiconductor sector, I couldn't get enough of it. As a mechanical engineer, I'm an enthusiast of disruptive technologies, particularly in hardware-related fields. On this platform, I'll mainly be sharing investment ideas in semiconductors, robotics, and energy. I believe in investing in companies within oligopolistic sectors with high barriers to entry. I also tend to avoid smaller companies, as my experience has shown that the perceived risks in such companies are often underestimated. I really like writing and have published some books on other subjects. I hope my articles on Seeking Alpha can provide small investors with great investment ideas. My investment approach emphasizes growth at a reasonable price, primarily with a mid- to long-term investment horizon. If you have any questions or comments on my thesis, please reach out via direct message or leave a comment on the article. Keep investing!
Analyst’s Disclosure: I/we have a beneficial long position in the shares of MRVL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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