Marvell Technology

Oracle's report of a 121% increase in cloud infrastructure revenue and planned investments of $90–95 billion is driving today's chip rally. Marvell benefits as a supplier of network and data infrastructure chips and rises sharply, as do Analog Devices, Texas Instruments and Qualcomm. Memory stocks such as SanDisk and Seagate are under pressure, as NAND prices, capacity expansions and a share offering at Seagate weigh on their prices. » Mais em deraktionaer.de

Piper Sandler initiated coverage of Marvell with a $270 price target, citing the company's expanding role in AI data centers, custom accelerators, DSPs and co‑packaged optics. The initiation lifted MRVL about 5% midday, outpacing semiconductor peers and ETFs. Analysts flag the October 6 investor day as the next key catalyst to validate Marvell's $15 billion data‑center revenue outlook, while competition from Broadcom and sensitivity to AI capex pose risks. » Mais em finance.yahoo.com

CEO Matt Murphy announced higher targets: revenue of about 12 billion USD in 2026 (previously 10 billion), about 18 billion USD in 2027 (previously 13.5 billion); datacenter revenue is expected to exceed 15 billion USD next year. The announcement of new AI infrastructure products and an option agreement with Alphabet support the view. The stock has risen about 11.7% since September 1; analysts raised price targets; the consensus rating is "buy" with an average target of around 296 USD. » Mais em de.investing.com