Piper Sandler gives bullish rating to Marvell (MRVL) for their XPU growth strategy.

From Yahoo Finance: 2025-07-02 07:21:00

Marvell Technology, Inc. (NASDAQ: MRVL) is one of the 10 buzzing AI stocks on Wall Street. Piper Sandler analyst reiterated an “Overweight” rating with an $85.00 price target, highlighting the company’s XPU growth strategy. Marvell focuses on developing semiconductors for data centers and aims to ramp up its XPU strategy significantly.

The firm believes Marvell is positioned to excel in the XPU market for hyperscaler customers. Management meetings reaffirmed the company’s growth strategy related to XPU strategy is on track and set to ramp up in the near to mid-term timeframe. Marvell is one of the two companies with intellectual property to serve the leading-edge XPU market.

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Read more: Piper Sandler Backs Marvell’s (MRVL) XPU Strategy With Bullish Call