Marvell Stock Jumps as Analysts Expand AI Networking Opportunity and Geopolitical Headwinds Ease
Marvell Technology shares climbed more than 10% in morning trading after Bank of America sharply raised its price target to $200 and B. Riley also boosted its target to $205, both keeping Buy ratings. The upgrades hinge on a significantly larger AI networking total addressable market and higher AI data center system forecasts, while a concurrent ea…