Marvell Technology Stock Plummets 6.81% in Two Days, Trading Volume Ranks 27th in Daily Market

On May 30, 2025, Marvell Technology Inc. (MRVL) experienced a significant decline, with its stock price dropping by 5.55% over the past two days, totaling a 6.81% decrease. The trading volume for the day was substantial, reaching 28.89 billion, placing it at the 27th position in the daily market rankings.

Marvell Technology reported its fiscal first-quarter results in line with expectations. However, investors remain concerned about the company's next-generation custom chips for Amazon and Microsoft. During the earnings call, CEO Matthew Murphy highlighted that revenue from Marvell's custom chips business is benefiting from contributions across multiple programs.

Despite the company's efforts to address investor concerns, doubts persist. Analysts at Stifel believe that Marvell is well-positioned to benefit from the rapid expansion of data infrastructure, which could drive long-term growth. However, the stock's performance has been underwhelming, with a nearly 50% decline in 2025. This drop is attributed to a 16% reduction in the company's three-year forward GAAP earnings per share (EPS).

Historically, Marvell's stock has underperformed the broader market during economic downturns, adding to investor caution. The company's efforts to ease concerns have not yet translated into a significant turnaround in stock performance, indicating that investors are still waiting for more concrete evidence of improvement.