Seaport starts bullish on Marvell, Semtech, and On Semi (MRVL:NASDAQ)
7 Articles
7 Articles
Marvell shares tumble 6% as outlook underwhelms despite 37% revenue growth
Marvell Technology saw its stock price fall on Friday following the release of its second-quarter financial results and updated guidance for the coming fiscal year. The chipmaker reported revenue of $2.7 billion for the quarter, representing a 37% increase year-over-year and exceeding the company’s prior guidance by $39 million. Despite this performance, the stock traded down 6.6% as market participants assessed the company’s forward outlook. Th…
Marvell (MRVL) Gets New Buy Rating as AI Data-Center Revenue Surges
TLDR Marvell stock closed 1.9% higher Tuesday at $262.36. MRVL was down about 0.9% in Wednesday premarket trading. Seaport started coverage with a Buy rating and $270 price target. Data centers now generate about three-quarters of Marvell’s revenue. Google custom silicon and optical connectivity...
Marvell's shares closed on September 22 at 262.36, up by 19.93%, reaching a maximum intraday at 266 dollars on volumes close to 19.7 million shares. The rally is based on concrete catalysts, but the tension between the still strong daily and the already overbought timetable makes this technical junction particularly delicate. MRVL
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