Dow Jones Rises for Fourth Consecutive Day, Driven by AI Trade Momentum

Written by Emily J. Thompson, Senior Investment Analyst

MRVL+3.4%

Source: NASDAQ.COM

Updated: 1h ago

0mins

Source: NASDAQ.COM

Dow Performance: The Dow Jones Industrial Average rose by 0.2% to close at 48,442.41, demonstrating market resilience despite an intraday drop of 108.37 points, with 18 of its 30 components finishing in the green.
Nasdaq Strength: The Nasdaq Composite increased by 0.6% to finish at 23,561.84, primarily driven by a 3.4% rise in Marvell Technology Inc., highlighting robust performance in the tech sector amid AI momentum.
S&P 500 All-Time High: The S&P 500 gained 0.4% to close at 6,909.79, marking a new all-time high, indicating increased market confidence in economic recovery, particularly within the financial and technology sectors.
Mixed Economic Data: While the consumer confidence index came in at 89.1, below the expected 92.5, the unexpected rise in U.S. GDP growth to 4.3% in Q3 suggests underlying economic strength that could influence future investment decisions.

MRVL

$87.68+Infinity%1D

Analyst Views on MRVL

Wall Street analysts forecast MRVL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MRVL is 92.66 USD with a low forecast of 70.00 USD and a high forecast of 122.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

31 Analyst Rating

23 Buy

8 Hold

0 Sell

Moderate Buy

Current: 84.800

Low

70.00

Averages

92.66

High

122.00

Current: 84.800

Low

70.00

Averages

92.66

High

122.00

Citi

Buy

maintain

$114

2025-12-22

New

Reason

Citi

Price Target

$114

2025-12-22

New

maintain

Buy

Reason

Citi added an "upside 30-day catalyst watch" on shares of Marvell Technology into the Consumer Electronics Show. Citi views the concerns around XPU competition at two hyperscale customers as "misguided" and sees the post-earnings selloff in the shares as a buying opportunity. Marvell will highlight the growing adoption of scale-up networking at CES, the analyst tells investors in a research note. After meeting with management, the firm has increased conviction that Marvell will see accelerating sales growth in 2026 and 2027, driven by artificial intelligence data centers. It keeps a Buy rating on the shares with a $114 price target.

Cantor Fitzgerald

C.J. Muse

Neutral

downgrade

$110 -> $100

2025-12-16

Reason

Cantor Fitzgerald

C.J. Muse

Price Target

$110 -> $100

2025-12-16

downgrade

Neutral

Reason

Cantor Fitzgerald analyst C.J. Muse lowered the firm's price target on Marvell to $100 from $110 and keeps a Neutral rating on the shares. The SOX is positioned to lead markets higher after outperforming the S&P by roughly 30 points in CY25, supported by the early stages of the AI era driving demand across compute, networking, memory, and equipment, the analyst tells investors in a research note. While cyclical factors may create mixed signals, the macro backdrop and expected exponential growth in AI infrastructure spending support a long position in the SOX and overweight exposure to AI-related plays into CY26, the firm says.

BofA

Vivek Arya

Neutral

downgrade

$105 -> $95

2025-12-16

Reason

BofA

Vivek Arya

Price Target

$105 -> $95

2025-12-16

downgrade

Neutral

Reason

BofA analyst Vivek Arya lowered the firm's price target on Marvell to $95 from $105 and keeps a Neutral rating on the shares. The firm is updating its price targets for U.S. Semiconductor stocks under its coverage, the analyst tells investors. BofA views 2026 as a midpoint for an 8 to 10 year journey upgrading traditional IT infrastructure for faster, AI workloads. While stocks may remain choppy amid greater scrutiny of AI returns and hyperscaler cash flows, this should be offset by faster large language model builders and AI factories, the firm adds.

Stifel

Buy

maintain

2025-12-09

Reason

Stifel

Price Target

2025-12-09

maintain

Buy

Reason

Stifel believes that speculation suggesting Marvell's lead XPU customer defecting to a rival ASIC competitor for its next-generation platform is "without merit" and believes socket defection fears have been "overstated," the analyst tells investors. The firm, which also believes reports from yesterday suggesting Marvell is not participating in its lead ASIC customer's next generation platform are "misleading," keeps a Buy rating on Marvell shares.

About MRVL

Marvell Technology, Inc., together with its subsidiaries, is a supplier of data infrastructure semiconductor solutions, spanning the data center core to network edge. The Company is engaged in the design, development, and sale of integrated circuits. Its product solutions serve various end markets: data center, enterprise networking, carrier infrastructure, consumer, and industrial. Its product offerings include CXL, Data Processing Units, Security Solutions, Coherent DSPs, Coherent-lite DSPs, Data Center Switches, DCI Optical Modules, Enterprise Switches, Ethernet Controllers, Ethernet PHYs, PCIe Retimers, Linear Drivers, PAM DSPs, Transimpedance Amplifiers, Fiber Channel, HDD, Storage Accelerators, and SSD Controllers. The Company develops semiconductor solutions tailored to individual customer specifications that deliver system-level differentiation for artificial intelligence, data center, compute, networking, carrier, storage, aerospace, and defense applications.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.