Marvell Technology (MRVL) stock still looks undervalued despite disappointing results released on May 30 for the quarter that ended May 4. MRVL stock could still be worth over 31% more at $89 per share. MRVL stock closed at $68.10 on Thursday, June 6, down 13% from a recent peak of $78.33 on May 28, before the fiscal Q1 2025 results were released. Investors were surprised that the chip design company showed a 12% lower revenue Y/Y. In addition, adjusted net earnings per share of 24 cents came in as expected. Investors wanted to see an unexpected upside on the earnings side. Nevertheless, Marve…