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Marvell (MRVL) Stock Surges 22% as Wall Street Raises Price Targets on AI Chip Growth
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Marvell (MRVL) Stock Surges 22% as Wall Street Raises Price Targets on AI Chip Growth
Key Takeaways Oppenheimer increased Marvell’s price target from $150 to $170 while maintaining its Outperform rating Shares climbed 22% across five consecutive trading days — the longest gain streak in more than 12 months The company manufactures custom AI ASICs for Amazon and plans to add Microsoft as a customer in the latter half of 2026 Custom chip revenue projections show a doubling to $4 billion in the coming year, with expectations exceed…
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