Marvell Stock Surges on Amazon AI Chip Demand
Marvell Technology's strategic partnership is demonstrating its transformative power. The catalyst emerged when Amazon CEO Andy Jassy highlighted exceptional demand for the Trainium processors manufactured by the chipmaker.
Investors responded immediately, driving the stock up by more than 5%. This surge places a spotlight on the underlying artificial intelligence boom fueling the rally.
UBS Raises Price Target
Market experts are expressing significant optimism. UBS increased its price target on Marvell from $95 to $105, maintaining a "Buy" recommendation. This upward adjustment of 10.5% reflects growing confidence in the company's AI-driven revenue expansion.
- Net revenue of $2.006 billion for the second quarter of its fiscal year 2026
- Surpassed the midpoint of its guidance by $6 million
Amazon CEO Andy Jassy highlighted exceptional demand for the Trainium processors
Author's summary: Marvell stock rises on Amazon AI chip demand.
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