Marvell Technology shares declined in separate market updates as investors reduced exposure to high-valuation technology stocks. MSX.COM data showed a 2.52% fall at the U.S. open, while a later Benzinga Pro reading showed the shares down 1.56% at $207.11 on Wednesday. The move followed second-quarter revenue growth of 37% to $2.74 billion, adjusted earnings of 94 cents per share and a 46% increase in data-center revenue. Marvell forecast third-quarter revenue of $3.15 billion, plus or minus 5%, and adjusted earnings of $1.10 per share, plus or minus 5 cents, both above consensus estimates. The stock remained in a longer-term uptrend but below several shorter-term moving averages, with source readings placing its 12-month gain at 225% or 227.65%.