Marvell Technology's stock price fell 16% following its quarterly financial results. The management team reported a 58% year-over-year revenue increase in the second quarter. It hit its midpoint target but did not surpass it. Net revenue came in at $2.006 billion, slightly above company guidance. GAAP gross margin is expected to improve to approximately 51.5% to 52% sequentially. The company says their AI design activity is at an all-time high, The stock is downgraded due to the price drop and no longer being a buy, the stock price is fairly valued. Stock price at the introduction of the video was down -17.72% and the intrinsic value I calculate for Marvell stock is $56.40