Marvell Technology Set for Growth Amid AI Infrastructure Boom
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 16 hours ago
0mins
Source: CNBC
- AI Infrastructure Potential: KeyBanc believes Marvell Technology's efforts in the AI infrastructure sector will lead to significant growth, with an overweight rating and a price target increase from $260 to $385, indicating a 33% upside from Wednesday's close.
- Investor Meeting Insights: Analyst John Vinh noted in a client report that after recent investor meetings with Marvell, his outlook on the data center networking opportunity has become increasingly positive, reflecting growing market confidence in the company.
- Strategic Acquisition of Celestial AI: Marvell's plan to acquire semiconductor firm Celestial AI, which has developed a
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Analyst Views on MRVL
Wall Street analysts forecast MRVL stock price to fall
30 Analyst Rating
22 Buy
8 Hold
0 Sell
Moderate Buy
Current: 289.540
Low
85.00
Averages
120.12
High
156.00
Current: 289.540
Low
85.00
Averages
120.12
High
156.00
About MRVL
Marvell Technology, Inc. together with its consolidated subsidiaries, is a supplier of data infrastructure semiconductor solutions, spanning the data center core to network edge. It is engaged in the design, development and sale of integrated circuits. Its product offerings include custom application-specific integrated circuits (ASICs), interconnects, ethernet solutions, fiber channel adapters, processors and storage controllers. In addition, it is also developing Ultra Accelerator LinkTM (UALinkTM) switches and ethernet for scale-up networking (ESUN) switches for the emerging scale-out artificial intelligence market. Its solutions integrate multiple analogs, mixed-signal and digital intellectual property components incorporating hardware, firmware and software technologies and its system knowledge to provide its customers with integrated solutions for their end products. It designs and manufactures photonic integrated circuits for ultra-high-bandwidth and low-power 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.
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