From Nasdaq: 2025-06-02 10:10:00

Marvell Technology (NASDAQ: MRVL) disappoints investors with lackluster earnings, causing shares to drop by 5.5%. Despite a 45% drop from May 30 close, analysts forecast 53% upside potential with an average price target of $92. Revenue growth of 63% in fiscal Q1 2026 beats EPS estimates by one cent.

External factors, including trade tensions with China, contribute to Marvell’s share decline. Revenue from data center end market grows by 76%, with four out of five end markets showing growth. Marvell sheds light on its relationship with Amazon Web Services and progress on custom chip development.

Marvell anticipates ramping up production of custom AI XPU chip for AWS in 2026. Management hints at ongoing collaboration with AWS on future-generation chips. Analysts remain confident in Marvell’s partnerships with AWS and Microsoft, despite competition from AIchip Technologies. Most bearish price target at $60 suggests shares are fairly valued.

Despite concerns over competition, analysts see potential for Marvell stock recovery. An upcoming event on June 17 focusing on custom silicon technology for AI infrastructure could act as a positive catalyst. Analysts recommend keeping an eye on Marvell’s partnerships and developments for future growth opportunities. 1. The stock market experienced a sharp decline today with the Dow Jones Industrial Average dropping 500 points due to concerns over rising inflation and interest rates.

2. The unemployment rate fell to 4.2% in the latest report, with 431,000 jobs added in the month of March, marking a positive trend in the labor market recovery.

3. In international news, tensions are rising between Russia and Ukraine as Russia amasses troops along the border, sparking fears of a potential conflict in the region.

4. The FDA has approved a new COVID-19 treatment pill, Paxlovid, for emergency use in high-risk individuals to help reduce the severity of symptoms and hospitalizations.



Read more at Nasdaq:: Analysts Are Bullish on Marvell Stock Despite Amazon Deal Concern