Bulls Target Chip Stock After Earnings, Acquisition

Group 1 - Marvell Technology Inc's shares increased by 7.1% to $99.51 following a third-quarter earnings and revenue beat, along with a strong growth outlook for data centers and the acquisition of AI startup Celestial AI for approximately $3.25 billion [1] - The stock has received 17 price-target hikes, with Oppenheimer raising its target from $115 to $150, and 25 out of 35 analysts have a "buy" or better rating, indicating a 21.2% premium to the 12-month consensus target price of $112.55 [2] - Marvell is on track for a fifth consecutive daily gain, marking its best single-day percentage increase since November 24, and has risen 52.3% over the last six months [3] Group 2 - Options trading activity has surged, with 112,000 calls and 67,000 puts traded in the first hour, which is six times the typical volume, with the most active being the weekly 12/5 105-strike call [4]