Should You Buy Marvell Stock After a 30% Dip in a Month?

Marvell Technology, Inc.’s (MRVL) shares have plunged 30.2% in the past month, underperforming the Zacks Electronics - Semiconductors industry, Zacks Computer and Technology sector and S&P 500 index’s decline of 24.5%, 16.2% and 12.2%, respectively.This steep decline in the share price of this semiconductor leader raises the question: Should investors take advantage of this sharp decline and buy the dip? While the near-term challenges for Marvell Technology are real, the long-term growth prospects for the c ...