Overview
- Marvell stock closed up 8.2% to a record $177.95 on Wednesday and added 4.2% in early Thursday trading to $185.40 after fresh catalysts hit the tape.
- AMD disclosed ownership of 65,516 Marvell shares in a March 31 13F filing, a stake valued at about $6.5 million then and roughly $10.7 to $10.8 million at recent prices.
- The AMD filing spurred about a 3% premarket move Wednesday, though 13F reports are backward-looking snapshots that do not prove current holdings or intent.
- Bank of America raised its price target to $200 with a Buy rating, and Goldman Sachs lifted its target to $125 with Neutral, citing stronger AI networking demand and a potential Google partnership alongside Microsoft Azure chip work.
- The shares have more than doubled this year as Marvell’s role in custom AI accelerators, high-speed switches, and optical links gains traction, with valuation and China revenue exposure flagged as risks ahead of the May 27 earnings report.