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Stock impact report

Melius Sets $135 Target on Marvell (MRVL) as Custom Silicon Demand Accelerates [Yahoo! Finance]

Marvell Technology, Inc. (MRVL) 
Last marvell technology, inc. earnings: 3/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: marvell.com/company/investor_relations
Company Research Source: Yahoo! Finance
On January 5, Melius Research upgraded Marvell Technology, Inc. (NASDAQ:MRVL) to Buy from Hold and set a $135 price target. The analyst noted that the stock is down about 11% from its recent intraday high. From their perspective, Marvell's backlog in custom silicon continues to build. Revenue from this segment is expected to double in calendar year 2027, driven by Microsoft's MAIA chip and the ramp of several XPU-attach sockets. The analyst also pointed out that Microsoft's internal silicon design capabilities still lag those of AWS's Annapurna Labs. That gap could leave room for a larger share of profits to flow to external custom silicon providers such as Marvell Technology. Marvell Technology, Inc. (NASDAQ:MRVL) has been benefiting from fast-growing demand for AI-focused application-specific integrated circuits used in data centers. These ASICs are designed to handle AI workloads more efficiently, offering higher speeds and better power efficiency than general-purpose chips like Show less Read more
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