Marvell reported record Q4 FY2025 revenue of $1.817 billion, driven by strong data center demand. Find out why I rate MRVL stock as a buy.
Marvell Technology (NASDAQ:MRVL – Free Report) had its target price cut by Bank of America from $150.00 to $120.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.
The chipmaker fell sharply early Thursday as its slight earnings outlook failed to impress investors looking for a boost to the AI trade.
The hardest thing about making custom AI chips for large, demanding customers might be the expectations that go with it. Shares of Marvell Technology slid Thursday morning following its quarterly report.
Shareholders in Marvell Technology, Inc. ( NASDAQ:MRVL ) had a terrible week, as shares crashed 23% to US$70.84 in
Marvell Technology tumbled 16% and dragged down rival chipmakers on Thursday, after an in-line revenue forecast gave investors another reason to be jittery about spending on AI infrastructure, as a years-long rally shows signs of cooling.