Marvell Technology (MRVL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this chipmaker have returned -4.7% over the past month versus the Zacks S&P 500 composite's -0.3% change. The Zacks Technology Services industry, to which Marvell belongs, has lost 2.1% over this period. Now the key question is: Where could the stock be headed in the near term?Although media reports or ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Marvell Technology (MRVL) .Marvell currently has an average brokerage recommendation (ABR) of 1 ...

SANTA CLARA, Calif., April 29, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, has appointed Rick Wallace, President and Chief Executive Officer of KLA Corporation, where he also serves as a member of the board of directors, and Daniel Durn, Chief Financial Officer and Executive Vice President, Finance, Technology Services and Operations of Adobe Inc., to its board of directors effective April 25, 2024. "Rick and Dan are proven leaders w ...

The most recent trading session ended with Marvell Technology (MRVL) standing at $64.85, reflecting a +1.55% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily gain of 0.02%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq added 0.1%.Heading into today, shares of the chipmaker had lost 6.45% over the past month, lagging the Business Services sector's loss of 5.08% and the S&P 500's loss of 3.01% in that time.Market participants will be closely following the fin ...

Marvell Technology (MRVL) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this chipmaker have returned -6.5%, compared to the Zacks S&P 500 composite's -3% change. During this period, the Zacks Technology Services industry, which Marvell falls in, has lost 7.9%. The key question now is: What could be the stock's future direction?While media release ...

Marvell® Brightlane™ end-to-end Ethernet portfolio enabling connectivity inside GM vehiclesSANTA CLARA, Calif., April 23, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced that General Motors has named it one of just eight 2023 Overdrive Award winners. GM names Marvell a 2023 Overdrive Award winner. (Pictured left to right: Corey Meyer, senior manager, automotive sales, at Marvell; Jeff Morrison, vice president, Global P ...

Marvell Technology (MRVL) closed the latest trading day at $65.24, indicating a -1.87% change from the previous session's end. The stock fell short of the S&P 500, which registered a loss of 0.22% for the day. Elsewhere, the Dow saw an upswing of 0.06%, while the tech-heavy Nasdaq depreciated by 0.52%.The chipmaker's shares have seen an increase of 1.43% over the last month, surpassing the Business Services sector's loss of 4.96% and the S&P 500's loss of 1.66%.The upcoming earnings release of Marvell Techn ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Marvell Technology (MRVL) .Marvell currently has an average broke ...

These chip leaders are profitable companies with above-average growth prospects.The massive investment underway to transition traditional computing in data centers to accelerated computing for artificial intelligence (AI) is a major catalyst for leading chip stocks.Applications using generative AI could add trillions of value to the global economy, according to JPMorgan. Here are two leading semiconductor companies supplying the hardware to make this happen.NvidiaNvidia (NVDA -2.68%) is estimated to control ...

Morsa Images Investment summary My recommendation for Marvell Technology (NASDAQ:MRVL) is a buy rating. I believe the worst of the cycle is over for MRVL, and it should start to enter the upcycle as early as 2H25, which should drive strong growth acceleration in FY26. Over the long term, I am also bullish on MRVL's ability to continue growing its data center business, as it has a leading position in the 800g PAM4 optics solution, which has been a key driver in its ability to win more AI deals. Business ...