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Explore Marvell's (MRVL) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.
Semiconductors, and Nvidia in particular, find themselves at the heart of the tension between the world's two biggest economies.
Marvell Technology, Inc. has underperformed the market despite strong operational growth, making its valuation more attractive for long-term investors. Previous neutral rating was due to high valuation; now, the stock looks like a solid value with a multi-year investment horizon. Uncertainties around tariffs and the delay of Marvell's investor day have caused some MRVL investor concerns.
JPMorgan analyst Harlan Sur reiterated an Overweight rating on Marvell Technology, Inc MRVL with a price target of $130 on Thursday.
MRVL's strong fundamentals, leadership in the data center and high-speed networking market and AI implementation make the stock worth holding.
Artificial intelligence (AI) has given the stock market a big boost in the past couple of years. Companies and governments around the globe have been rapidly adopting this technology thanks to its disruptive nature, especially considering the significant productivity gains that it is projected to deliver in the long run.
The semiconductor company just postponed its investor day, suggesting to one analyst that “there is not too much good news to share.”
Marvell has wiped out all its gains from last year. Here's what has sunk the artificial-intelligence play.
Marvell Technology (MRVL) concluded the recent trading session at $61.22, signifying a -1.23% move from its prior day's close.
Networking and custom AI chipmaker Marvell Technology said on Tuesday it is postponing a previously scheduled investor day conference, citing a "dynamic macroeconomic environment," as global trade tensions generate economic uncertainty.