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-0.000873144567793354 -0.000249469876512361 0.00461519271547966 0.00424098790071103 0.00972932518398405 0.0112261444430586 0.0114756143195709 0.0038667830859424
Stock impact report

RBC Bullish on Marvell's (MRVL) Data Center and AI Chip Growth [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
coverage of Marvell Technology, Inc. (NASDAQ:MRVL), with an Outperform rating and a price target of $105. The firm underlined Marvell's dominant position in the data center sector, citing the company's significant contracts for AWS Trainium3 chips and its new Celestial acquisition, implying that Marvell Technology, Inc. (NASDAQ:MRVL) will continue to be an important ASIC supplier for Trainium 4. Analyst Srini Pajjuri described Marvell's optical division as “on solid footing,” but identified scale-up and custom SmartNICs as “underappreciated growth opportunities” for the company. Moreover, on January 6, Marvell Technology, Inc. (NASDAQ:MRVL) signed a definitive deal to acquire XConn Technologies for roughly $540 million. This acquisition is expected to be paid for with a combination of cash and stock, totaling about 2.5 million shares of MRVL common stock. Marvell Technology, Inc. (NASDAQ:MRVL) is a semiconductor development and manufacturing company with a major focus on data ce Show less Read more
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