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This Dividend-Paying Chip Stock Just Doubled and Analysts Say It’s Still 50% Undervalued
24/7 Wall St.79d agoneutral
This Dividend-Paying Chip Stock Just Doubled and Analysts Say It’s Still 50% Undervalued

Marvell Technology (NASDAQ:MRVL) designs custom silicon and networking chips for hyperscaler data centers. The portfolio spans custom AI XPUs, electro-optics, PAM DSPs, and DCI modules, and the company pays a small $0.06 quarterly dividend, an oddity for a stock acting like pure AI growth. CEO Matt Murphy has spent the past year telling investors that ... This Dividend-Paying Chip Stock Just Doubled and Analysts Say It’s Still 50% Undervalued

Marvell shares jump after analysts lift price targets ahead of earnings (MRVL)
InvestorsHub79d agobullish
Marvell shares jump after analysts lift price targets ahead of earnings (MRVL)

Shares of Marvell Technology (NASDAQ:MRVL) surged 7% on Tuesday after several Wall Street firms raised their price targets ahead of the company’s earnings release scheduled for Wednesday. HSBC issues Street-high target on AI infrastructure optimismHSBC upgraded Marvell to Buy and increased its price target to $300 from $85, establishing the highest target currently on Wall Street.