Marvell Technology (MRVL) has reported record revenue and strong AI demand, yet the stock price has fallen over 30% from its highs. This presents a potential buying opportunity, as the market might be overreacting to the downside. Despite the stock's decline, the underlying fundamentals driven by AI infrastructure growth suggest a potential rebound. The setup is more nuanced than general headlines indicate, with risks related to customer concentration and acquisition integration needing careful consideration.