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Marvell Stock Edges Higher as Jefferies Affirms $120 Target Amid AI Chip Optimism

Marvell Stock Edges Higher as Jefferies Affirms $120 Target Amid AI Chip Optimism

Author:

Global Cryptocurrency

Published:

2026-01-19 09:57:02

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BTCCSquare news:

Marvell Technology shares saw modest gains last week, closing at $80.46 after Jefferies reiterated its $120 price target and Buy rating. Analyst Blayne Curtis highlighted the company's strategic positioning in AI chips and networking acquisitions as catalysts for long-term growth.

The semiconductor sector remains cautiously optimistic despite broader market volatility. Marvell's performance aligns with industry momentum ahead of upcoming tech earnings reports, though trade tensions and sector risks persist.

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