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Stifel Defends Marvell’s (MRVL) ASIC Leadership Amid AI Chip Market Rumors
Yahoo Finance· 2025-12-11 16:32
Marvell Technology, Inc. (NASDAQ:MRVL) is one of the Hot AI Stocks on Wall Street’s Radar. On December 9, Stifel maintained its Buy rating on the stock with a $114.00 price target. Firm analysts addressed recent market rumors as baseless, reaffirming confidence in the company’s ASIC platform positioning. Defending the company’s platform status against recent noise, the firm noted that the speculation that Marvell could lose its XPU socket to a competitor for “second and larger ASIC customer are without me ...