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Marvell Technology’s Q2 Earnings Preview: AI Analyst Weighs In
Marvell Technology’s Q2 Earnings Preview: AI Analyst Weighs In
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BTCCSquare news:
Marvell Technology (MRVL) is set to report Fiscal Q2 2026 earnings on August 28, with Wall Street bullish on its data center-driven custom chip demand. TipRanks' AI analyst maintains a Neutral rating and a $78 price target, suggesting a 10% upside.
The company's AI revenue surpassed its $1.5 billion target in Fiscal 2025, with management confident it will exceed the $2.5 billion goal for Fiscal 2026. Data center market expansion could further boost Marvell's growth, though the AI tool flags lingering risks.
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