AI Chip Stocks Nvidia, Broadcom, AMD, Taiwan Semi, Micron, Super Micro Surge Premarket: Whats Going On?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2025
0mins
Source: Benzinga
Surge in Semiconductor Stocks: Semiconductor stocks, including Nvidia and AMD, experienced significant gains ahead of the Consumer Electronics Show (CES), driven by investor enthusiasm for AI developments and strong revenue reports from companies like Foxconn.
Market Outlook and Expectations: Analysts predict continued growth in tech stocks, with expectations of a 25% gain in 2025, supported by favorable policies and increased spending from Big Tech, as well as advancements in chip technology from major players like Taiwan Semiconductor.
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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 120.12 USD with a low forecast of 85.00 USD and a high forecast of 156.00 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.
30 Analyst Rating
22 Buy
8 Hold
0 Sell
Moderate Buy
Current: 81.340
Low
85.00
Averages
120.12
High
156.00
Current: 81.340
Low
85.00
Averages
120.12
High
156.00
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.
US Stocks Rise as ASML Reports Record Orders
- Strong Market Performance: The S&P 500 index rose by 0.28% to reach a new all-time high, while the Nasdaq 100 increased by 0.81%, reflecting strong investor confidence in tech stocks, particularly chipmakers and AI infrastructure.
- ASML Order Surge: ASML Holding NV reported record Q4 bookings of €13.2 billion, significantly exceeding the consensus of €6.85 billion, indicating sustained growth in AI spending and further boosting market optimism.
- Earnings Beat Expectations: Positive earnings reports from companies like Seagate Technology and Texas Instruments have led to stock price increases, enhancing investor confidence in the tech sector and likely stimulating further market activity.
- Economic Data Focus: The market will be attentive to new tariff news and government funding resolutions this week, with expectations that the FOMC will keep interest rates unchanged, influencing market sentiment regarding future economic policies.
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Semiconductor Stocks Rise on Strong Earnings Reports
- Texas Instruments Outlook: Texas Instruments forecasts Q1 revenue between $4.32 billion and $4.68 billion, offsetting modest Q4 misses with an optimistic outlook that demonstrates resilience in the semiconductor market.
- ASML Revenue Beat: ASML reported Q4 earnings of $8.61 per share, missing the $9.01 estimate, yet its revenue of $11.40 billion exceeded expectations and rose over 15% year-over-year, indicating sustained customer investment in advanced chipmaking tools.
- Surge in Orders: ASML's Q4 net bookings surged to €13.2 billion, including €7.4 billion in EUV orders, raising the backlog to €38.8 billion, which underscores strong demand for semiconductor equipment and reinforces the company's market position.
- Share Buyback Program: ASML announced a €12 billion share buyback program running through 2028, which not only boosts investor confidence but also reflects the company's strong belief in future growth prospects.
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