Marvell Technology (MRVL) closed at $84.38 in the latest trading session, marking a -0.46% move from the prior day.
Recently, Zacks.com users have been paying close attention to Marvell (MRVL). This makes it worthwhile to examine what the stock has in store.
The latest trading day saw Marvell Technology (MRVL) settling at $84.87, representing a +1.71% change from its previous close.
In the most recent trading session, Marvell Technology (MRVL) closed at $81.93, indicating a +0.12% shift from the previous trading day.
Marvell Technology (NASDAQ: MRVL) stock is currently witnessing a surge in insider trading activity, marked by both buying and selling from the company's top executives.
Marvell Technology (MRVL) closed at $79.85 in the latest trading session, marking a -0.08% move from the prior day.
Zacks.com users have recently been watching Marvell (MRVL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
I am upgrading to a “Strong Buy” rating on Marvell Technology, driven by their custom silicon products supporting Amazon's Trainium AI chips and Alphabet's AI developments. Amazon's Trainium2, supported by Marvell, offers significant cost and performance advantages, potentially competing with Nvidia's AI chips and driving Marvell's revenue growth. Marvell anticipates $1.5 billion in AI-related revenue for FY25 and $2.5 billion for FY26, with strong growth in their custom silicon business.
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Marvell Technologies is working with big tech to price custom ASIC solutions. This sets up the company well if the tech companies decide to scale up their new AI projects.
Investors looking to capitalize on the booming demand for AI servers should consider taking a closer look at these two stocks that are set to deliver impressive growth.