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Marvell Stock Surges on AI Chip Optimism and Microsoft Partnership
Marvell Stock Surges on AI Chip Optimism and Microsoft Partnership
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BTCCSquare news:
Marvell Technology shares rallied 7.6% after Morgan Stanley analyst Joseph Moore raised his price target to $80, citing the chipmaker's position in the AI sector. The stock, down 33% from its January peak, now trades at 35 times forward earnings estimates of $2.28 per share for 2026.
Fubon Research reports Microsoft is considering upgrading to Marvell's advanced 2nm process for its Maia300 AI chip, potentially delaying production to late 2026 but creating an $8,000-per-unit opportunity. The deal could add $2.4 billion to Marvell's 2026 revenue, with projections reaching $12 billion by 2027—a significant jump from its $5.8 billion 2024 performance.
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