Marvell: MRVL Stock To $140?

Marvell Technology (NASDAQ:MRVL) has been one of the tech sectors more puzzling stories this year. Despite delivering record second quarter results and showing signs of building a niche for itself in AI infrastructure, the stock has slumped 43% year-to-date - including a 15% slide in the last week - after management issued a cautious outlook for its data center business. Shares now trade at $64 apiece. The sell-off stems from lumpy orders for Marvell’s custom AI accelerators, but such quarterly volatility i ...