Do Custom AI Chips Make Marvell Stock A Buy? [Forbes]
Marvell Technology, Inc. (MRVL)
Last marvell technology, inc. earnings: 3/4 04:05 pm
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Source: Forbes
SOPA Images/LightRocket via Getty Images Marvell Technology , a semiconductor company specializing in integrated circuits tailored for the data center space, saw its stock jump by 10% in Friday's trading amid optimism about demand for the company's custom AI chips. While Marvell stock is up by almost 2x this year, the recent rally comes as fellow semiconductor player Broadcom guided that sales of its AI products would grow by 65% in the first quarter. Broadcom's AI business focuses on networking chips and custom AI accelerators, very similar to Marvell's AI initiatives, and some of this optimism appears to have rubbed off on Marvell's stock as well. So why is demand for custom AI chips looking up and what does it mean for Marvell stock? What Are Custom AI Chips? Marvell's entry into the AI space was led by its interconnect solutions for data centers. The bigger opportunity for the company has been developing application-specific integrated circuits (ASICs) that can be used as c
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MRVL
News
- Marvell Technology, Inc. (NASDAQ: MRVL) had its price target raised by analysts at Morgan Stanley from $102.00 to $120.00. They now have an "equal weight" rating on the stock.MarketBeat
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MRVL
Earnings
- 12/3/24 - Beat
MRVL
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- MRVL's page on the SEC website