MRVL’s 12.64% Jump Is Not Yet a Trend Reversal

I view today’s +12.64% move to $173.91 as a sharp rebound, not proof that the downtrend has ended. MRVL is still down 21.7% over three months and 35.3% over one month, and remains 45.0% below its 52-week high; that does not yet show the sustained higher highs I require. The underlying growth is compelling: Q3 revenue rose 36.5% year over year, net income rose 58.1%, and FY 2027 consensus EPS is $7.350, up 74.2%, implying 23.7x forward earnings. That supports the longer-term case, but does not erase the deteriorating price trend. The one-day surge changes my attention, not my decision: I stay in cash until price confirms a reversal.