Marvell Technology, Inc. is closely watched by analysts for its AI stocks potential. Raymond James reaffirmed a Strong Buy rating with a $125.00 price target after Marvell announced plans to acquire XConn for $540M, enhancing its AI data center connectivity solutions.

The acquisition of XConn is expected to strengthen Marvell’s switching portfolio with PCIe and CXL products, advancing its connectivity strategy for next-gen AI and cloud data centers. Marvell’s Chairman and CEO, Matt Murphy, sees this as a compelling move for accelerated infrastructure.

Raymond James views the XConn deal favorably, noting how it enhances Marvell’s market reach and complements its xPU/ASIC offerings. The firm believes this acquisition is a positive step for Marvell’s product portfolio, especially in the AI data center connectivity space.

Marvell Technology, Inc. specializes in semiconductor development for data centers. While it shows potential as an investment, some AI stocks may offer greater upside potential with less downside risk. Investors are encouraged to explore other undervalued AI stock options for better returns.

Read more at Yahoo Finance: Marvell (MRVL) Gets Strong Buy as Raymond James Backs XConn Acquisition