Bulls Target Chip Stock After Earnings, Acquisition

Shares of Marvell Technology Inc (NASDAQ:MRVL) are up 7.1% to trade at $99.51 at last check, following a third-quarter earnings and revenue beat. The semiconductor staple also issued a strong growth outlook for its data centers and announced the acquisition of AI startup Celestial AI in a deal worth roughly $3.25 billion. The security has attracted no fewer than 17 price-target hikes in response, including from Oppenheimer $150 from $115. Analysts were already bullish coming into today, with 25 of the 35 in ...