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Marvell Technology shares jumped 3.76% in pre-market trading ahead of quarterly earnings amid continued optimism.
Marvell Technology, Inc. (NASDAQ: MRVL) will release Q1 earnings on May 27. Analysts expect 79 cents per share, up from 62 cents last year. Stock rose 6.1% on Tuesday.
Marvell Technology shares up ahead of earnings. Analysts expect modest beat, revenue growth in data center.
HSBC analyst Frank Lee upgrades Marvell Technology (NASDAQ:MRVL) from Hold to Buy and raises the price target from $85 to $300.
BofA says company fundamentals do not support the semiconductor bubble narrative. Nvidia, Micron and Credo trade below historical P/E.
Morgan Stanley analyst Joseph Moore maintains Marvell Technology (NASDAQ:MRVL) with a Equal-Weight and raises the price target from $103 to $172.
Susquehanna analyst Christopher Rolland maintains Marvell Technology (NASDAQ:MRVL) with a Positive and raises the price target from $100 to $230.
Cantor Fitzgerald analyst C.J. Muse maintains Marvell Technology (NASDAQ:MRVL) with a Neutral and raises the price target from $120 to $190.
Despite restrictions, NVIDIA sees China as a "very large" market for its new CPUs and approved H200 chip sales.