Marvell Technology stock rose 0.9% following several company announcements and analyst activity. The company announced it will showcase AI data center connectivity solutions at DesignCon 2026, including demonstrations of advanced technologies such as PCIe 8.0 SerDes running at 256 gigatransfers-per-second and various active electrical cables. UBS maintained a Buy rating and raised its price target to $120 from $115. RBC Capital entered coverage with a positive stance focused on AI optics and custom silicon. The company reported strong quarterly results with earnings per share of $0.76 versus expected $0.74 and revenue growth of 36.8% year-over-year. Institutional investor Sava Infond increased its stake by 19.4%, adding 28,000 shares. Some analysts including Deutsche Bank and Citi trimmed price targets by $1 to $5, citing questions about execution timing.
Read full analysisMarvell Technology stock rose 0.9% following several company announcements and analyst activity. The company announced it will showcase AI data center connectivity solutions at DesignCon 2026, including demonstrations of advanced technologies such as PCIe 8.0 SerDes running at 256 gigatransfers-per-second and various active electrical cables. UBS maintained a Buy rating and raised its price target to $120 from $115. RBC Capital entered coverage with a positive stance focused on AI optics and custom silicon. The company reported strong quarterly results with earnings per share of $0.76 versus expected $0.74 and revenue growth of 36.8% year-over-year. Institutional investor Sava Infond increased its stake by 19.4%, adding 28,000 shares. Some analysts including Deutsche Bank and Citi trimmed price targets by $1 to $5, citing questions about execution timing.
Marvell Technology designs semiconductor chips for data centers, cloud computing, and networking infrastructure, serving major hyperscale cloud providers like Amazon and Microsoft. The company recently completed acquisitions of Celestial AI (optical photonic fabric) and XConn Technologies (PCIe/CXL switching) to deepen its AI data center interconnect capabilities. With a beta near 2.0, Marvell tends to amplify broad market moves, which explains its outsized swings during recent risk-on and risk-off sessions.