Google-Marvell Partnership Expands AI Chip Push<\/p>\n
The effort targets data movement bottlenecks and supports Google’s broader strategy to reduce reliance on Nvidia Corp’s (NASDAQ:<\/a>NVDA<\/a>) Graphics Processing Units (GPUs).<\/p>\n Analysts See Strong Growth From Cloud and AI Demand<\/p>\n RBC Capital raised its price forecast on Marvell to $170 from $115 while maintaining an Outperform rating, citing strength in optical connectivity and visibility into Trainium chip production.<\/p>\n RBC also projected continued double-digit growth driven by AI demand, with Marvell capturing a significant share of expanding data center capacity.<\/p>\n Valuation and Supply Constraints Remain Key Watch Points<\/p>\n RBC said Marvell’s growth outlook remains strong, supported by revenue expansion of 42% over the past year and forecasts of continued gains through fiscal 2027.<\/p>\n However, the firm flagged near-term constraints from the limited 3-nanometer wafer supply.<\/p>\n Technical Analysis<\/p>\n Marvell is pressing into fresh 52-week highs, consistent with a strong, persistent uptrend rather than a range-bound market. The stock is trading 34.5% above its 20-day simple moving average (SMA) and 69.5% above its 100-day SMA, a spread that points to aggressive short- and intermediate-term upside momentum.<\/p>\n The relative strength index (RSI), a momentum gauge, is 85.40, which is deep in overbought territory and often lines up with “crowded” upside positioning. RSI at 85.40 shows buyers have been in control lately, but it also raises the odds of sharper pullbacks if momentum cools.<\/p>\n Key Resistance: $152.00 \u2014 a round-number area where upside follow-through can get tested.<\/p>\n Key Support: $118.50 \u2014 near the 20-day EMA zone where dip-buyers have recently shown up. Looking further out, the next major catalyst for the stock arrives with the May 28, 2026 (estimated) earnings report.<\/p>\n EPS Estimate: 72 cents (Up from 62 cents YoY)<\/p>\n Revenue Estimate: $2.40 billion (Up from $1.90 billion YoY)<\/p>\n Valuation: P\/E of 48.2x (Indicates premium valuation relative to peers) Significance: Because MRVL carries significant weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock.<\/p>\n Price Action<\/p>\n MRVL Stock Price Activity: Marvell Technology shares were up 2.79% at $151.97 at the time of publication on Tuesday, according to Benzinga Pro data<\/a>.<\/p>\n Image via Shutterstock<\/p>\n
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