NEW YORK ( TheStreet) -- After the recent 6% decline of Marvell ( MRVL) shares following what was, on balance, a very good earnings report late last month, it the Street seems to have decided it was time to reevaluate what's been going on in this company.This is another way to say the analysts want to catch their breaths. It's the only explanation that I can come up with. But I don't agree with it. After losing more than 50% of its value in 2012, shares of the chip giant have been up by more than 90% since reaching bottom at $6.98 last December. This fact has not been lost on those who feel this performance is unjustified. I'm not going to pretend I didn't have my own doubts. But I've been at this long enough to know that every once in a while, a company gets punished a bit too much for things that are often out of its control. This recent overreaction to Marvell's second-quarter results looks awfully familiar. First and foremost, there's no denying Marvell hasn't been as popular as the more prominent chip companies -- namely Qualcomm ( QCOM) and Broadcom ( BRCM), which have both "chipped" away at Marvell's strength in mobile and wireless. But unlike Qualcomm and Broadcom, Marvell beat its earnings and revenue estimates this quarter and also demonstrated enough confidence to raise guidance. I don't want to overstate what this means. But I also know there hasn't been another company within the semiconductor space to accomplish this. Given the company's 10% sequential revenue growth, which was 2% better than expectations, I don't believe there's another chip company (not named Qualcomm) that's been performing as well as Marvell. MU) have shown tremendous growth.