Is Marvell's stock cheap? This $1 billion move shows the company seems to think so.

Core Viewpoint - Marvell is conducting an accelerated share repurchase, which the CEO interprets as a demonstration of confidence in the business and the intrinsic value of the company's stock [1] Group 1 - The accelerated share repurchase indicates a strong belief in the company's future performance and stock valuation [1]