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Marvell Stock Drops. Wall Street Still Thinks It’s a Good AI Play.

Por: MarketWatch Business August 25, 2023

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Wall Street analysts still think Marvell—which designs data storage and networking chips—is doing a good job.  “MRVL’s growth story remains in early innings, led by cloud AI, 5G, and auto. We remain long-term buyers,” ’s Rick Schafer wrote in a research note.  Schafer kept an Outperform rating and $70 target price on the stock.  Marvell stock earlier this year when it said it expected AI-related revenue to be around $400 million... + full article



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