-3.43% to $226.96 from $235.01
What moved MRVL
- Piper Sandler initiated coverage of Marvell with an Overweight rating, one of five chipmakers – alongside Nvidia, Broadcom, AMD and Arm – the firm started at Overweight on rising AI-compute demand.
- Analyst David O’Connor cited Marvell’s roughly 10% share of data-center components and leading franchises in custom silicon and connectivity, along with deep hyperscaler relationships.
- The firm pointed to Marvell’s acquisition of Celestial AI and its supply agreement with Google as validation of its custom-chip strategy and a transformative development for the company.
- Piper Sandler flagged Marvell’s upcoming October 6 analyst day as a potential near-term catalyst for the stock.
Sources: Investing.com
+4.84% to $240.38 from $229.29
What moved MRVL
- Susquehanna raised its price target on Marvell to $265 from $230, citing potential support from AI networking demand.
- Rosenblatt raised its price target to $300 from $240, with analyst Sajal Dogra expecting another “beat-and-raise” quarter when Marvell reports Thursday.
Sources: Benzinga · The Motley Fool
-3.27% to $229.29 from $237.04
What moved MRVL
- Wells Fargo raised its price target on Marvell to $310 from $240 while keeping an Overweight rating, citing the company’s AI infrastructure buildout.
- JPMorgan named Marvell a top semiconductor pick ahead of its fiscal second-quarter results due Thursday, citing strong AI chip and data-center demand.
- Marvell shares have nearly tripled so far in 2026, helped in part by a roughly $12 billion custom-chip deal with Google announced last week.
- Analysts polled expect Marvell to report second-quarter revenue of about $2.7 billion, up 35% year over year.
Sources: CNBC · Benzinga · The Motley Fool
-5.57% to $237.04 from $251.01
What moved MRVL
- Marvell fell as rising Treasury yields and profit-taking triggered a broader selloff in high-valuation AI and semiconductor stocks after a multi-month rally fueled by cloud capital spending and custom AI chip demand.
- The pullback comes ahead of Marvell’s second-quarter earnings report, scheduled for Aug. 27.
- BMO Capital initiated coverage of Marvell with a bullish rating as part of a broader semiconductor coverage launch that also included AMD and Semtech.
Sources: TradingKey · Investing.com
-7.82% to $216.00 from $234.33
What moved MRVL
- Shares dropped roughly 6-8% intraday as investors grew cautious on richly valued chip stocks amid a broader semiconductor selloff.
- The decline came as rising Treasury yields exposed Marvell’s stretched valuation of more than 80 times trailing earnings following a roughly 176% year-to-date rally.
- The pullback also comes as investors position cautiously ahead of Marvell’s scheduled August 27 earnings report.
Sources: Benzinga · TradingKey