Citi Adds Positive Catalyst Watch on Marvell (MRVL) Ahead of CES 2026

Core Viewpoint - Marvell Technology, Inc. is gaining attention as a significant player in the AI sector, with Citigroup placing a "Positive Catalyst" watch on the stock and setting a price target of $114, anticipating growth driven by the upcoming Consumer Electronics Show [1] Group 1: Company Performance and Growth - Investor meetings with Marvell's senior management reinforced confidence in the company's potential for accelerating year-over-year sales growth in 2026 and 2027, primarily fueled by advancements in AI data centers [2][3] - Citigroup believes that concerns regarding competition from XPU at major hyperscale clients are unfounded, viewing the recent decline in share price as a buying opportunity [2] Group 2: Market Position and Strategy - Marvell Technology focuses on the development and production of semiconductors, with a strong emphasis on data centers, positioning itself well within the growing AI market [3]