Will Broadcom Stock Have Its 'Nvidia Moment' in 2025? [Yahoo! Finance]
Marvell Technology, Inc. (MRVL)
Last marvell technology, inc. earnings: 3/4 04:05 pm
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Source: Yahoo! Finance
Key Takeaways Broadcom's recent earnings-fueled rally brought its stock to record highs and its market cap above the $1 trillion mark. The surge recalls Nvidia's meteoric rise, with both stocks more than doubling this year as demand for artificial intelligence infrastructure surged. However, while analysts remain overwhelmingly bullish on Nvidia's upward trajectory, they suggested Broadcom's upside could be more limited in the near term. Chipmaker Broadcom's ( AVGO ) latest earnings-fueled rise has made it the newest member of the $1 trillion dollar club . But what's next for the stock? Some on Wall Street see artificial intelligence -driven demand poised to push sales of its chips to fresh highs, powering its stock higher in 2025. But others are more cautious—in the near term, at least. Shares of both Nvidia and Broadcom have more than doubled in value in 2024, placing them among the S&P 500's top performers for the year. Analysts, however, are more bullish on the former
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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