Marvell Technology Group Ltd. Stock News

SANTA CLARA, Calif.--(BUSINESS WIRE)---- $MRVL #AI--Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced it will showcase its comprehensive portfolio of AI data center infrastructure solutions at OCP Global Summit 2026, October 12 to 15 at the San Jose McEnery Convention center in San Jose, California. Hyperscalers and cloud data cent...

AI stocks struggle as investors fret about yields and oil prices, while Wolfspeed surges after it lands a financing deal with the Pentagon.

Marvell Technology Inc (NASDAQ:MRVL), the networking and custom chip maker, had its price target raised to $400 from $365 by Bank of America (BofA), which kept its 'buy' rating after the analyst day. Marvell now targets 2030 sales of $70 billion to $90 billion, with a midpoint of about $80 billion, implying a compound annual growth rate (CAGR) above 60% from 2026, versus consensus of $43 billion.

I attended Marvell Investor Day in New York on October 6, 2026. Marvell Technology (MRVL), a designer of data infrastructure chips, set a long-term target of $70 billion to $90 billion of revenue for fiscal 2031, which roughly matches calendar 2030.

Wall Street analysts jacked up their price targets on Marvell stock after the chipmaker raised its sales forecasts well above expectations.

Marvell Technology MRVL stock fell 2% on Wednesday even after the chipmaker outlined an ambitious long-term revenue outlook at its Investor Day. The broader markets have fallen as record-high Treasury yields weighed on stocks.

The chips and networking company is getting a ton of praise from analysts—no surprise given it expects revenue to surge 55% to 60% a year.

Jim Cramer said established tech giants with strong businesses and multiple ways to benefit from AI are some of the best places to invest in the boom. He remains diversified but is overweight AI, arguing those stocks offer more opportunities for growth as higher rates weigh on much of the rest of the market.