Marvell Technology (NASDAQ: MRVL), a leading chipmaker building high-speed data center infrastructure for the AI revolution, has pulled back roughly 22% from its 30-day high and approximately 39% from its 52-week high. The company sits at the heart of AI infrastructure, supplying optical interconnects that move data between servers and the custom silicon that powers modern data centers. Management projected an acceleration in growth on its latest earnings call, forecasting revenue to climb approximately 40% this fiscal year and another 45% the following year. Those are striking numbers, but historical data suggests investors should approach this pullback with real caution before treating it as a straightforward buying opportunity. The central question for any prospective buyer is whether Marvell’s execution on its AI infrastructure opportunity is powerful enough to overcome both its elevated valuation and its historically poor record of rewarding investors who buy these dips.