Reported about 11 hours ago
Marvell Technology's stock surged following a recent event showcasing its custom AI chips, leading Bank of America analysts to raise their price target for the stock to $90. Senior semiconductor analyst Vivek Arya emphasized Marvell's strong multi-year roadmap and partnerships with major clients like Amazon, Microsoft, and Google. He highlighted the increasing opportunities for growth in both compute and networking sectors within the AI market, indicating a potential for significant earnings growth by 2028.
Source: YAHOO