$MRVL reported its earnings after hours on March 5, 2025, leading to a notable market reaction. The stock experienced an implied move of approximately +/- 11% following the announcement. Currently, $MRVL is trading at a 40% decline from its all-time highs. Observers noted that the stock was subject to significant bearish flow, with large put options being purchased for June 2026. Additionally, the stock has reached a new year low, reflecting prices last seen in October 2024.