Dernières nouvelles pour Marvell Tech (NASDAQ:MRVL) Stock

Marvell Tech

Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.

Marvell Technology

Marvell Technology Group

Marvell Technology Inc

MARVELL TECHNOLOGY ORD

Wall Street maintained a cautious stance amid a flurry of earnings reports this week, while markets posted gains for the <a href="https://www.benzinga.com/markets/asia/24/10/41411026/bank-earnings-propel-wall-street-to-record-peaks-oil-plunges-below-70-gold-shines-at-all-time-highs">sixth consecutive week</a>.
With some important tech companies scheduled to announce their earnings this week, the Nasdaq Composite kicked off the week on a positive note even as the Dow Jones and S&amp;P 500 opened in the red.
Nearly a fifth of S&amp;P 500 companies are set to report their earnings this week. Cumulative earnings of S&amp;P 500 companies are set to rise for a fifth straight quarter, FactSet said.
On Tuesday, earnings from companies like GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), 3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), and General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) will be on investors' radar.
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<td>Futures</td>
<td>Performance (+/-)</td>
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<td>Nasdaq 100</td>
<td>-0.65%</td>
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<td>S&amp;P 500</td>
<td>0.00%</td>
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<td>Dow Jones</td>
<td>-0.48%</td>
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<td>R2K</td>
<td>-0.90%</td>
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In premarket trading on Monday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.50% to $580.71 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 0.65% to $492.19, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>.
Cues From Last Session:
Caution reigned the markets on the first day of the week, with the S&amp;P 500 and Dow Jones both ending the day in the negative, while the Nasdaq Composite registered gains.
AI stocks led the surge, with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) closing at a new all-time high. The positive sentiment rubbed off on rivals, too, with Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) emerging as some of the top gainers.
The Dow Jones Industrial Average and the S&amp;P 500 Index jumped to fresh highs in intraday trading on Friday.
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<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
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<td>Nasdaq Composite</td>
<td>0.27%</td>
<td>18,540.01</td>
</tr>
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<td>S&amp;P 500</td>
<td>-0.18%</td>
<td>5,853.98</td>
</tr>
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<td>Dow Jones</td>
<td>-0.80%</td>
<td>42,931.60</td>
</tr>
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<td>Russell 2000</td>
<td>-1.60%</td>
<td>2,239.71</td>
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Insights From Analysts:
Investors remained anxious about the prospect of future rate cuts amid comments from Federal Reserve officials urging for a cautious approach. Kansas City Fed President Jeff Schmid spoke in favor of moderation, saying "A cautious and deliberate course of action seems appropriate."
On the other hand, San Francisco Federal Reserve President Mary Daly said there is no reason for the Fed to hold rates steady. "I haven't seen any information that would suggest we wouldn't continue to reduce the interest rate," Daly <a href="https://www.wsj.com/livecoverage/stock-market-today-earnings-dow-sp500-nasdaq-live-10-22-2024/card/no-reason-to-pause-rate-cuts-fed-s-daly-tells-wsj-tech-live-jdoqlPmUWzaNiMQCCLSe">told</a> the Wall Street Journal.
Fundstrat Head of Research&nbsp;Tom Lee <a href="https://www.cnbc.com/video/2024/10/21/market-still-in-buy-the-dip-mode-says-fundstrats-tom-lee.html">told</a> CNBC in an interview that he expects companies in the S&amp;P 500 index to post a revenue growth of 5% this quarter.
"It is a really high-quality earnings season so far. It's a good beat season, but it's early," he said.
"Stocks which have been strong are really still a ‘buy the dip' market."
Going ahead, Lee says to watch out for industrial stocks, after a week of financial stocks having posted better-than-expected earnings.
See Also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data
The economic calendar for Tuesday is light, with only one major speech scheduled so far.
<ul>
<li>Philadelphia Fed President Patrick Harker is scheduled to speak at 10 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) shares surged nearly 3% in premarket trading on Tuesday after the company reported better-than-expected earnings and raised its profit forecast for the third time this year.</li>
<li>Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) shares rose over 1% in premarket trading ahead of the company's third-quarter earnings.</li>
<li>Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhone 16 witnessed price cuts in China on online platforms as part of Singles' Day promotions.</li>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock has seen an increase in price targets due to bullish demand for artificial intelligence. Bank of America raised its price target for Nvidia from $165 to $190, while investment research firm CFRA raised its target to $160.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures edged up in the early New York session, rising nearly 1.10% as China cut key lending rates to boost its economy.
The 10-year Treasury note yield rose marginally to 4.208%.
Asian markets were mixed on Tuesday, with Chinese markets edging lower amid economic growth concerns.
European stocks showed tentativeness and were mostly lower in early trading.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41445510/tesla-shareholders-demand-answers-from-elon-musk-on-growing-list-of-promises-ahead-of-q3-earning">Tesla Shareholders Demand Answers From Elon Musk On Growing List Of Promises Ahead Of Q3 Earnings: From Affordable Models To FSD Rollout And Next-Generation Roadster</a></li>
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US Stocks Remains On Edge Ahead Of Flurry Of Earnings From Lockheed Martin, GM And Others: This Is Still A 'Buy The Dip' Market, Says Expert

As the tech world navigates 2024, JPMorgan analyst Harlan Sur has one clear message for stock investors: <a href="https://www.benzinga.com/topic/semiconductors">semiconductors are back</a> in the driver's seat.
After semiconductor fundamentals bottomed in 2023, the sector is poised for a cyclical upturn, with Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) leading the charge.
<h2 class="wp-block-heading">&#8216;We're At The Cusp Of A Semiconductor Up-Cycle&#8216;</h2>
Sur isn't mincing words when it comes to what he sees on the horizon. &#8220;At this point, we believe we are at the cusp of a semiconductor up-cycle (approximately four to six quarters of positive Y/Y growth),&#8221; the analyst said.
He predicts industry revenue will begin to show year-over-year growth by the end of 2024, a trend he expects to persist well into 2025.
Broadcom and Marvell are positioned to ride the next wave of semiconductor growth thanks to their &#8220;strong exposure to strategic infrastructure dynamics. &#8221; These stocks are set to benefit from increasing demand for cloud infrastructure and custom ASIC chips—vital for cloud giants like Amazon and Google.
<h2 class="wp-block-heading">Broadcom, Marvell: Positioned For Cloud Domination</h2>
Broadcom has already flexed its muscles in the networking and wireless chip space, while Marvell has dug deep into custom chips for data centers and networking, giving it an edge in the growing AI market. 
According to Sur, &#8220;Cloud AI [is] strong,&#8221; and both companies are primed to capitalize on that strength. Investors should keep their eyes on the cloud and AI tailwinds driving these two semiconductor giants forward.
<h2 class="wp-block-heading">Clearing The Deck: Excess Inventory Is History</h2>
Another key factor behind Sur&#8217;s optimism is the clearing out of excess semiconductor inventory across various markets. As he noted, &#8220;excess customer chip inventories across markets continue to improve,&#8221; which sets the stage for positive earnings revisions moving into 2025.
This is good news for Broadcom and Marvell. With inventory overhangs diminishing and demand in data centers surging, these companies could be looking at robust earnings growth next year. As Sur points out, semiconductor stocks have already proven their resilience, with the SOX index up 65% in 2023 compared to the S&amp;P 500's 24% gain.
Read Also: <a href="https://www.benzinga.com/trading-ideas/technicals/24/10/41355837/intel-vs-micron-technology-which-chipmaker-holds-the-edge">Intel Vs. Micron Technology: Which Chipmaker Holds The Edge?</a>
<h2 class="wp-block-heading">M&amp;A Momentum To Keep Rolling</h2>
Sur also highlights a quieter but equally significant trend: consolidation in the semiconductor industry. With strong deal activity in 2024, he expects M&amp;A to continue supporting stock valuations.
&#8220;We continue to see strong M&amp;A activity,&#8221; Sur stated, noting that smaller companies could get snapped up by larger players looking to expand their scale and competitive edge.
<h2 class="wp-block-heading">The Final Chip: Sur's Top Picks</h2>
As 2024 enters its final months, Sur remains bullish on the semiconductor space, particularly for companies with strong exposure to AI and cloud infrastructure. Broadcom and Marvell sit at the top of his list, perfectly positioned to capitalize on the sector&#8217;s resurgence. For investors looking for growth, these stocks are ones to watch.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/technicals/24/10/41383732/stock-of-the-day-taiwan-semiconductor-breaks-out-as-buyers-push-prices-higher">Stock Of The Day: Taiwan Semiconductor Breaks Out As Buyers Push Prices Higher</a></li>
</ul>
Photo: Shutterstock

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AVGO

Broadcom, Marvell Set To Lead In 2025 As Sector Is 'At The Cusp Of A Semiconductor Up-Cycle,' Says Analyst

Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) has outperformed the market over the past 10 years by 8.7% on an annualized basis producing an average annual return of 20.4%. Currently, Marvell Tech has a market capitalization of $70.33 billion. 
Buying $1000 In MRVL: If an investor had bought $1000 of MRVL stock 10 years ago, it would be worth $6,367.84 today based on a price of $81.19 for MRVL at the time of writing.
<h3>Marvell Tech's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729190021_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $6,400 Today

Shares of Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) surged 4% during Thursday&#8217;s pre-market session in sympathy with Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), but have since leveled off and are trading slightly higher.
TSMC&#8217;s impressive <a href="https://www.benzinga.com/markets/equities/24/10/41377745/tsmc-on-cusp-of-topping-1-trillion-valuation-as-stock-jumps-8-in-premarket-whats-going-on">quarterly earnings report</a> highlighted a 39% year-over-year revenue increase driven by strong demand for advanced chips used in smartphones and artificial intelligence (AI).
What Happened: As TSMC&#8217;s revenue for the quarter exceeded both its <a href="https://www.benzinga.com/quote/TSM/earnings">own guidance and Wall Street expectations</a>, the broader market sentiment has shifted positively for semiconductor companies with exposure to high-performance chip technologies
Marvell, known for its leadership in data infrastructure semiconductor solutions, stands to benefit from the same tailwinds that have propelled TSMC. With a focus on AI, cloud computing, 5G, and data center markets, Marvell&#8217;s position in the supply chain makes it a key player in the industry, particularly as demand for cutting-edge chips continues to accelerate.
Read Also: <a href="https://www.benzinga.com/news/24/10/41379867/european-central-bank-lowers-interest-rates-again-first-back-to-back-cuts-in-13-years">European Central Bank Lowers Interest Rates Again, First Back-To-Back Cuts In 13 Years</a>
TSMC&#8217;s report emphasized the rapid growth in demand for 3-nanometer and 5-nanometer node technologies, which are critical for high-performance applications like AI and data processing. This directly aligns with Marvell&#8217;s product offerings, especially in custom-designed chips for data centers and AI applications. 
What Else: Marvell has been expanding its portfolio to cater to the increasing needs of cloud service providers and telecommunications companies, which require more powerful, energy-efficient processors. The spillover effect from TSMC&#8217;s strong results, particularly in AI-driven markets, may lead investors to reassess Marvell&#8217;s growth potential in these areas.
Additionally, TSMC's strong guidance for the fourth quarter signals sustained demand in advanced chip manufacturing, providing further confidence that Marvell&#8217;s growth trajectory could benefit from a robust semiconductor cycle.
Read Also: <a href="https://www.benzinga.com/news/retail-sales/24/10/41379775/september-retail-sales-exceed-estimates-jobless-claims-fall-more-than-expected">September Retail Sales Exceed Estimates, Jobless Claims Fall More Than Expected</a>
<h2 class="wp-block-heading">Is MRVL A Good Stock To Buy?</h2>
When deciding whether to buy a stock, there are some key fundamentals investors may want to consider. One of these factors is revenue growth. Buying a stock is essentially a bet that the business will continue to grow and generate profits in the future.
Marvell Tech has reported average annual revenue growth of 19.71% over the past 5 years. Looking forward, the company most recently said it expects FY24 revenues of $5.54B.
It's also important to pay attention to valuation when deciding whether to buy a stock. Marvell Tech has a forward P/E ratio of 33.0. This means investors are paying $33.0 for each dollar of expected earnings in the future. The average forward P/E ratio of Marvell Tech's peers is 32.71.
Other important metrics to look at include a company's profitability, balance sheet, performance relative to a benchmark index and valuation compared to peers. For in-depth analysis tools and important financial data, check out <a href="https://pro.benzinga.com">Benzinga PRO</a>.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, MRVL has a 52-week high of $85.76 and a 52-week low of $46.07.

What's Going On With Marvell Technology (MRVL) Stock?

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSMC#NYSE">TSMC</a>) is seen singularly lifting the semiconductor space <a href="https://www.benzinga.com/premarket">in premarket trading </a>on Thursday. 
The Catalyst: Hsinchu, Taiwan-based <a href="https://www.benzinga.com/news/earnings/24/10/41373163/nvidia-supplier-tsmc-reports-q3-revenue-earnings-beat-amid-rising-demand-for-ai-chips">TSMC reported third-quarter revenues and earnings per share </a>that exceeded consensus estimates, citing strong smartphone and AI-related demand for its more advanced 3nm and 5nm technologies.
The relatively higher share of more advanced processor node technologies gave margins a big boost, with gross, operating, and net margins all exceeding prior-year periods.
The foundry supplies chips to most global corporations including Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
The company&#8217;s earnings and earnings per share both jumped 54% year-over-year, growing faster than the top line, which climbed 39%.
More importantly, TSMC guided fourth-quarter revenue to $26.1 billion to $26.9 billion, well above the $24.86 billion consensus estimate.
TSMC&#8217;s stellar quarterly results should quell the anxiety of investors, who were increasingly becoming skittish about a potential AI bubble burst.
See Also: <a href="https://www.benzinga.com/money/best-semiconductor-stocks">Best Semiconductor Stocks</a>
Stock Moves: Nvidia, whose advanced chips, power most of AI applications and processes, jumped 2.56% to $139.19, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
The Jensen Huang-led company is on the cusp of topping Apple as the world&#8217;s most-valued company, with merely a differential of $195 billion in market cap between the companies. A $8 gain by Nvidia could help accomplish the feat, provided Apple remains flat or retreats.
Among the other movers are:
<ul>
<li>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) rose 2.93% to $160.70.</li>
<li>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) added 2.17% to $111.61.</li>
<li>Arm Holdings Plc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) jumped 3.90% to $158.45.</li>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) moved up 2.23% to $180.76.</li>
<li>Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) rose 1.62% to $174.25.</li>
<li>Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) gained 2.23% to $83.50.</li>
<li>iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) climbed 2.33% to $232.65.</li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41351475/after-asml-rocks-ai-hardware-names-gene-munster-explains-why-its-overreaction-ai-tr">After ASML Rocks AI Hardware Names, Gene Munster Explains Why It&#8217;s &#8216;Overreaction:&#8217; &#8216;AI Trade Is On Track&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

WIIM

QCOM

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

TSMC

Why Nvidia, AMD, Micron, Arm And Other Chipmakers Are Ripping Higher Premarket On Thursday

Dutch semiconductor equipment maker ASML Holdings N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) saw its shares plunge over 16% on Tuesday after its third-quarter earnings report was accidentally released a <a href="https://www.benzinga.com/markets/equities/24/10/41339229/asml-earnings-leak-sparks-broad-semiconductor-sell-off-sector-down-sharply-as-dutch-chipmaker-lo">day ahead of schedule. </a>
The company shocked the market by cutting its 2025 sales forecast, significantly lowering expectations for growth. This led to a rapid selloff as investors digested the implications of slower demand in key markets.
On Wednesday, shares of ASML extended losses, declining by 5% at 10 a.m. in New York.
Here's a breakdown of what Goldman Sachs and Bank of America analysts have to say about the report and ASML&#8217;s outlook.
<h3 class="wp-block-heading">Revised Sales Guidance Sends Shockwaves</h3>
ASML's third-quarter report revealed that its 2025 net sales are now expected to fall within the range of 30 billion euros to 35 billion euros ($32.7 billion to $38.2 billion).
This represents a cut from previous guidance of 30 billion euros to 40 billion euros. The reduction is largely due to weaker-than-expected demand for ASML&#8217;s Extreme Ultraviolet (EUV) lithography machines, crucial for advanced chip production.
<h2 class="wp-block-heading">Goldman Sachs: Delays In EUV Demand Impact 2025 Outlook</h2>
Gross margin estimates were also downgraded, now projected at 51% to 53%, compared to the prior 54% to 56%.
Goldman Sachs analyst Alexander Duval said that while ASML's third-quarter revenues were above the midpoint of its previous guidance, the 2025 sales revision highlights persistent challenges in the broader semiconductor market.
The company's lowered forecast reflects slower-than-anticipated recovery in several key segments, the analyst said. 
ASML now expects to ship fewer than 50 low Numerical Aperture (NA) EUV systems in 2025, a number that reflects weaker-than-anticipated demand, he said. 
&#8220;We expect investors to seek more color on 2026 dynamics given a degree of pushouts from 2025,&#8221; Duval said. The updated forecast implies a potential 10% reduction in revenue expectations and a 20% decline in earning before interest (EBIT) compared to prior consensus estimates for 2025, the analyst said. 
<h3 class="wp-block-heading">Bank Of America: Multiple Headwinds Weigh On ASML</h3>
Bank of America's Vivek Arya named three key factors contributing to ASML's downward revision. First, global reshoring efforts and Intel's delayed foundry expansion plans have weighed heavily on demand, the analyst said.
"The recent capex cut and delay at Intel suggests that reshoring efforts may not be as successful as initially hoped,&#8221; he said. 
Secondly, Arya said China likely pulled forward its equipment purchases over the last two years in anticipation of increasing geopolitical tensions and potential export restrictions. This has left a demand gap in the region, which could extend into 2025.
Finally, Arya highlighted a growing divergence between AI-related semiconductor demand in compute, networking and high-bandwidth memory (HBM) and non-AI-related markets, such as PCs, smartphones and automotive semiconductors, with the latter facing prolonged weakness.
Despite the revised 2025 sales guidance, Arya said Bank of America's preference for AI-related semiconductor companies remains strong.
&#8220;Our top picks continue to be NVIDIA Corp. (NVDA), Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), and Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), as their strong secular growth outlooks are generally unimpacted by today's print.&#8221;
Read Next:
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41356469/mortgage-demand-sees-sharpest-weekly-drop-since-april-2020-as-rates-climb-above-6">Mortgage Demand Sees Sharpest Weekly Drop Since April 2020 As Rates Climb Above 6.5%</a></li>
</ul>
Photo courtesy of ASML.

ASML

ASML Stock Plunges Further On Lower 2025 Sales Outlook: Analysts Break Down Semiconductor Challenges

Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) showcased its cutting-edge 3nm PCIe Gen 7 connectivity at the OCP Global Summit, held from October 15 to 17 at the San Jose Convention Center.
The new PCIe Gen 7 doubles data transfer speeds compared to previous generations, enabling more efficient scaling of compute fabrics inside AI-driven server platforms, CXL systems, and general-purpose servers.
By building on its widely adopted PAM4 technology and utilizing its accelerated infrastructure silicon platform, Marvell has created a comprehensive interconnect portfolio that addresses high-bandwidth optical and copper connections in AI data centers.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/10/41127863/despite-nvidia-selloff-bidens-law-and-taiwan-semis-advantage-offer-growth-potential" rel="noreferrer noopener">Despite Nvidia Selloff, Biden's Law and Taiwan Semi's Advantage Offer Growth Potential</a>
The introduction of PCIe Gen 7—building on the PCIe Gen 6 timer announcement—expands Marvell's optical and copper interconnect portfolio beyond Ethernet into PCIe, CXL, and proprietary compute fabric links, facilitating high-performance AI clusters and next-generation server systems.
With 3nm fabrication technology, Marvell's PCIe Gen 7 SerDes offers lower power consumption while maintaining performance, making it a key player in powering next-generation AI superclusters and hyperscale data centers.
Also this week, Marvell <a target="_blank" href="https://benzinga.com/markets/equities/24/10/41315171/why-is-marvell-technology-stock-gaining-today" rel="noreferrer noopener">disclosed that it is developing a</a> custom 5nm network controller FBNIC in partnership with Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), which will boost data center performance.
However, KeyBanc&nbsp;analyst John Vinh <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41235547/nvidia-amd-lead-the-pack-broadcom-stable-intel-falters-analysts-latest-take" rel="noreferrer noopener">recently flagged Marvell's</a> vulnerability to market share loss from the next-generation Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) AWS Trainium 3 loss to Alchip, Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google's second-generation Axion ARM CPU, and Nvidia Corp's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) development of its 1.6T optical DSP based on his&nbsp;findings from Asia.
Marvell stock surged 50% in the last 12 months. Investors can gain exposure to the stock through iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) and VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>).
<h2 class="wp-block-heading">Marvell Stock Prediction For 2024</h2>
When buying a stock for a longer time horizon, it is important for investors to assess where they think the stock is headed in the future.
When mapping a stock's future trajectory, investors should consider factors including the future earnings expectations and expected performance against a benchmark.
Marvell Tech's revenue has grown at an average rate of 19.71% annually over the past 5 years. The average 1-year price target from analysts is $95.57, representing an expected 19.75% upside in 2025.
While past performance is not a guarantee of future results, investors should also look at a stock's historical performance when compared to both a benchmark index and the company's peers. Shares of Marvell Tech have seen an annualized return of 6.23%, underperforming the S&amp;P500 index by 3.2%. This compares to 26.74% growth in the overall Information Technology sector. Marvell Tech has a beta of 1.16.
Price Action: MRVL stock is up 2.45% at $75.98 at the last check Tuesday.
Also Read:
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<li><a href="https://www.benzinga.com/government/24/09/41093269/whats-going-on-with-chip-stocks-like-nvidia-taiwan-semi-and-amd-on-monday" target="_blank" rel="noreferrer noopener">Semiconductor Giants, Led by Nvidia, Fall as China Backs Local AI Chipmakers</a></li>
</ul>
Photo via Shutterstock

AMZN

GOOG

GOOGL

Marvell Showcases Next-Gen 3nm Technology, Doubling Data Speeds for AI Systems

Marvell Technology shares are trading higher after the company disclosed the development of the FBNIC network interface controller. Citigroup maintained a Buy rating on the stock.

Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) shares are trading higher on Monday. The company disclosed the development of the FBNIC, a custom 5nm network interface controller (NIC) ASIC created in partnership with Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) to address <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41312380/marvell-delivers-custom-ethernet-network-interface-controller-solution-at-open-compute-project" rel="noreferrer noopener">the company&#8217;s infrastructure needs</a>.
Marvell will also contribute the FBNIC board design to the Open Compute Project (OCP) community.
The FBNIC integrates a custom network controller from Marvell with a co-designed board and Meta&#8217;s ASIC, firmware, and software.
This specialized design boosts capabilities, optimizes performance, enhances efficiency, and reduces the time needed to resolve network and server issues.
Raghib Hussain, President of Products and Technologies at Marvell, said, &#8220;The future of large-scale, data center computing will increasingly revolve around optimizing semiconductors and other components for specific applications and cloud infrastructure architectures.&#8221;
&#8220;It&#8217;s been exciting to partner with Meta on developing their custom FBNIC on our industry-leading 5nm accelerated infrastructure silicon platform. We look forward to the OCP community leveraging the board design for future innovations.&#8221;
Marvell also announced that it will showcase next-generation silicon technologies, including PAM4 DSPs, PCIe retimers, Ethernet network switches, and Compute Express Link (CXL) devices at the <a href="https://www.benzinga.com//node/41312192" target="_blank" rel="noreferrer noopener">2024 OCP Global Summit, October 15-17, in San Jose, California</a>.
Investors can gain exposure to the stock via&nbsp;Spear Alpha ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRX#NASDAQ">SPRX</a>) and iShares U.S. Digital Infrastructure and Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDGT#NYSE">IDGT</a>)
Price Action: MRVL shares are up 3.85% at $76.86 at the last check Monday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41306527/apples-low-cost-vision-pro-could-hit-the-shelves-next-year-everything-you-need-to-know-about-iphone" target="_blank" rel="noreferrer noopener">Apple&#8217;s Low-Cost Vision Pro Could Hit The Shelves Next Year — Everything You Need To Know About iPhone Maker&#8217;s Plan To Challenge Meta</a></li>
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Large Cap

iShares U.S. Digital Infrastructure and Real Estate ETF

IDGT

SPRX

Why Is Marvell Technology Stock Gaining Today?

14 analysts have shared their evaluations of Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $95.57, a high estimate of $120.00, and a low estimate of $82.00. This upward trend is evident, with the current average reflecting a 5.26% increase from the previous average price target of $90.79.
<img src="https://www.benzinga.com/files/images/story/2024/1728918064_0_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A comprehensive examination of how financial experts perceive Marvell Tech is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Atif Malik</td>
<td>Citigroup</td>
<td>Maintains</td>
<td>Buy</td>
<td>$91.00</td>
<td>$91.00</td>
</tr>
<tr>
<td>Hans Mosesmann</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$120.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Vivek Arya</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$90.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Cody Acree</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$115.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>C J Muse</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$85.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Blayne Curtis</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$85.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Harsh Kumar</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$100.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Toshiya Hari</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$87.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>Tore Svanberg</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$95.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Mark Lipacis</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$98.00</td>
<td>$91.00</td>
</tr>
<tr>
<td>Suji Desilva</td>
<td>Roth MKM</td>
<td>Maintains</td>
<td>Buy</td>
<td>$95.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$82.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>Quinn Bolton</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$95.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Hans Mosesmann</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$100.00</td>
<td>$100.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Marvell Tech. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Marvell Tech compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Marvell Tech's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Marvell Tech's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/MRVL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Marvell Tech analyst ratings.</a>
<h2>Unveiling the Story Behind Marvell Tech</h2>
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.
<h3>Financial Insights: Marvell Tech</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Marvell Tech faced challenges, resulting in a decline of approximately -5.07% in revenue growth as of 31 July, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -15.19%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -1.35%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Marvell Tech's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.95%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Marvell Tech's debt-to-equity ratio is below the industry average. With a ratio of 0.31, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>How Are Analyst Ratings Determined?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 14 Analysts Discuss Marvell Tech Stock

Citigroup analyst Atif Malik maintains Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) with a Buy and maintains $91 price target.

Price Target

Citigroup Maintains Buy on Marvell Tech, Maintains $91 Price Target

Benzinga's options scanner has just identified more than 13 option transactions on Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), with a cumulative value of $546,406. Concurrently, our algorithms picked up 5 puts, worth a total of 225,148.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $82.5 for Marvell Tech, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Marvell Tech stands at 1733.5, with a total volume reaching 1,792.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Marvell Tech, situated within the strike price corridor from $60.0 to $82.5, throughout the last 30 days.
<h3>Marvell Tech Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728916233_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$5.25</td>
<td>$5.1</td>
<td>$5.2</td>
<td>$80.00</td>
<td>$80.0K</td>
<td>4.0K</td>
<td style="text-align: right;">13</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$18.15</td>
<td>$17.95</td>
<td>$18.1</td>
<td>$65.00</td>
<td>$66.9K</td>
<td>49</td>
<td style="text-align: right;">46</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$3.4</td>
<td>$3.25</td>
<td>$3.3</td>
<td>$62.50</td>
<td>$62.3K</td>
<td>1.2K</td>
<td style="text-align: right;">189</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$18.15</td>
<td>$18.0</td>
<td>$18.15</td>
<td>$65.00</td>
<td>$58.0K</td>
<td>49</td>
<td style="text-align: right;">80</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$2.83</td>
<td>$2.63</td>
<td>$2.63</td>
<td>$60.00</td>
<td>$55.4K</td>
<td>1.3K</td>
<td style="text-align: right;">212</td>
</tr>
</tbody>
</table>

<h3>About Marvell Tech</h3>
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.
After a thorough review of the options trading surrounding Marvell Tech, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Marvell Tech</h3>
<ul>
<li>Trading volume stands at 2,153,506, with MRVL's price up by 3.42%, positioned at $76.54.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 46 days.</li>
</ul>
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Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Marvell Tech with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Unpacking the Latest Options Trading Trends in Marvell Tech

Deep-pocketed investors have adopted a bearish approach towards Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MRVL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Marvell Tech. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 44% leaning bullish and 55% bearish. Among these notable options, 2 are puts, totaling $125,130, and 7 are calls, amounting to $527,266.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $52.5 and $90.0 for Marvell Tech, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Marvell Tech stands at 2819.5, with a total volume reaching 2,079.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Marvell Tech, situated within the strike price corridor from $52.5 to $90.0, throughout the last 30 days.
<h3>Marvell Tech Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728668840_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.25</td>
<td>$2.13</td>
<td>$2.24</td>
<td>$90.00</td>
<td>$198.1K</td>
<td>5.4K</td>
<td style="text-align: right;">888</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$9.3</td>
<td>$9.2</td>
<td>$9.3</td>
<td>$70.00</td>
<td>$139.5K</td>
<td>5.8K</td>
<td style="text-align: right;">167</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$2.6</td>
<td>$2.55</td>
<td>$2.55</td>
<td>$75.00</td>
<td>$99.1K</td>
<td>2.4K</td>
<td style="text-align: right;">392</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$3.95</td>
<td>$3.85</td>
<td>$3.85</td>
<td>$80.00</td>
<td>$66.2K</td>
<td>4.0K</td>
<td style="text-align: right;">189</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$3.95</td>
<td>$3.9</td>
<td>$3.9</td>
<td>$80.00</td>
<td>$33.5K</td>
<td>4.0K</td>
<td style="text-align: right;">275</td>
</tr>
</tbody>
</table>

<h3>About Marvell Tech</h3>
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.
<h3>Present Market Standing of Marvell Tech</h3>
<ul>
<li>Trading volume stands at 3,687,443, with MRVL's price up by 1.96%, positioned at $73.96.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 49 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Marvell Tech with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Smart Money Is Betting Big In MRVL Options

KeyBanc analyst John Vinh shared mixed quarterly supply chain findings for the semiconductor sector. The analyst revised several company estimates and price targets.
Though most end markets were weak in analog, he noted indications of auto getting closer to a bottom. Traditional server and AI strength is sustained, with Blackwell on track to launch in the fourth quarter without further delays, as per Vinh.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41211823/whats-going-on-with-super-micro-computer-stock-on-monday" rel="noreferrer noopener">What&#8217;s Going On With Super Micro Computer Stock On Monday?</a>
The analyst&#8217;s feedback on the iPhone 16 launch appears to be better than feared but could be better. Therefore, Vinh downgraded Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) and Synaptics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYNA#NASDAQ">SYNA</a>) to Sector Weight.
Given increased price competition, he expects Qualcomm to lose market share to Mediatek in the mid-to-low-end segment of the smartphone market. This headwind will compound the impacts of Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) ramping up its internal modem.
The Synaptics downgrade reflects its underperformance versus its IoT peers, given limited growth catalysts within its Enterprise &amp; Automotive segment, representing almost 60% of overall revenues and the company&#8217;s highest margins. Vinh flagged increased competition in the Chinese market from local chipmaker HiSilicon as another headwind.
Additionally, the analyst&#8217;s findings were most favorable for Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), mixed for Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), and negative for Monolithic Power Systems, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), and Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>). He also fine-tuned his estimates on Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>).
Vinh noted that Nvidia&#8217;s Blackwell will likely ramp into mass production beginning in December, contributing over $7 billion in revenues in the fourth quarter. He said Hopper demand remains strong, with fourth-quarter revenues increasing ~15% sequentially.
AMD&#8217;s positive catalysts included traditional server demand, the inflection in Genoa instances in the cloud, demand for MI300X remains on track to ship 500K GPUs in 2024, and a possible update on its next-generation GPU and CPU at its AI event on Thursday.
For Broadcom, Vinh flagged sustained networking demand from improving traditional server demand, share gains from its 800Gb optical DSP launch, and higher revision of CoWoS demand. Broadcom&#8217;s upsides could be offset by Apple preparing its Wi-Fi 7 radio for the iPhone 17 in 2025.
For Micron, Vinh flagged oversupply as Micron prompts Samsung to convert its unused HBM capacity back to traditional DRAM to survive the competition.
Monolithic Power Systems remains vulnerable, given RMAs (Return Merchandise Authorization) for Nvidia H100 AI servers related to field failures associated with Monolithic Power Systems&#8217; power modules increasing again, affecting its market share on Blackwell.
Vinh highlighted his adverse findings from Asia for Marvell Technology. According to the analyst, Marvell is vulnerable to market share loss from the next-generation AWS Trainium 3 loss to Alchip, Google&#8217;s second-generation Axion ARM CPU, and Nvidia&#8217;s development of its 1.6T optical DSP.
Vinh mentioned his negative findings from Asia for Intel. The analyst highlighted Intel&#8217;s server market share loss to AMD and the ramp of Blackwell posing a headwind for Intel. He also flagged the lack of a cost-down AI CPU targeted at mass market AI PCs is likely to result in a share loss for Intel and disappointing feedback on Intel&#8217;s AI chip Gaudi 3.
Photo via Shutterstock
Also Read:
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<li><a href="https://www.benzinga.com/news/24/10/41227135/next-gen-nvidia-gpus-could-be-revealed-at-ces-2025-what-you-need-to-know" target="_blank" rel="noreferrer noopener">Next-Gen Nvidia GPUs Could Be Revealed at CES 2025 &#8211; What You Need to Know</a></li>
</ul>

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Nvidia, AMD Lead The Pack, Broadcom Stable, Intel Falters: Analyst's Latest Take

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Shares of semiconductor stocks are trading higher. The sector may be rebounding after falling amid a broader market dip on Tuesday.

Semiconductor chip stocks led by Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) noted investor selloff since Friday after gaining from Micron Technology, Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) upbeat quarterly print and U.S. Fed rate cut to boost demand.
Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Qualcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Micron, Analog Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) are trading lower Tuesday. Semiconductor ETFs VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) are down over 3%.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41124391/qualcomm-partners-with-stmicroelectronics-to-boost-ai-powered-iot-connectivity" rel="noreferrer noopener">Qualcomm Partners With STMicroelectronics To Boost AI-Powered IoT Connectivity</a>
The street remains jittery over <a target="_blank" href="https://www.benzinga.com/news/24/10/41119735/nvidia-faces-new-competition-cerebras-files-for-ipo-huawei-pushes-ai-chips" rel="noreferrer noopener">artificial intelligence prospects</a> as analysts flagged Nvidia&#8217;s dependence on four customers, which are also developing in-house chips, and its delays in product releases.
Though China urges its companies to adopt domestic AI chipmakers, National Science and Technology Council (NSTC) Minister Wu Cheng-wen said China lags behind Taiwan Semiconductor Manufacturing Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) <a href="https://www.benzinga.com/government/24/10/41114632/taiwan-semiconductors-2-nm-breakthrough-puts-taiwan-a-decade-ahead-of-chinas-semiconductor-industry" target="_blank" rel="noreferrer noopener">advanced technology semiconductor manufacturing</a> by at least a decade. Taiwan Semiconductor is a crucial supplier for Nvidia and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
The U.S. Chips Act played a crucial role in helping America develop its semiconductor base by offering <a target="_blank" href="https://www.benzinga.com/government/24/09/41007184/taiwan-semi-secures-7-5b-boost-for-arizona-expansion-aims-for-advanced-chip-production-report" rel="noreferrer noopener">subsidies to chipmakers</a> to boost artificial intelligence chip production in the country.
The semiconductor sector could see another tailwind if the Biden administration inks a bill to fastrack the specific semiconductor manufacturing projects that receive subsidies through the Chips Act by diluting the federal environmental scrutinies.
The legislation would exempt qualifying chip projects from reviews under the National Environmental Policy Act, the New York Times <a href="https://www.nytimes.com/2024/10/01/us/politics/biden-semiconductor-environmental-review.html" target="_blank" rel="noreferrer noopener">reports</a>.
Struggling chipmaker Intel recently got a boost from <a href="https://www.benzinga.com/news/24/09/40897994/whats-going-on-with-intel-stock-on-tuesday" target="_blank" rel="noreferrer noopener">$3 billion in direct funding</a> under the Chips Act in addition to the $8.5 billion in grants and $11 billion in loans that the company previously won under the act.
Also Read:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41124123/micron-set-for-profit-surge-with-high-margin-products-and-ai-driven-market-expansio" target="_blank" rel="noreferrer noopener">Micron Set for Profit Surge with High-Margin Products and AI-Driven Market Expansion, Analyst Says</a></li>
</ul>
Photo via Shutterstock

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Despite Nvidia Selloff, Biden's Law and Taiwan Semi's Advantage Offer Growth Potential

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Shares of companies in the broader semiconductor and chip sector are trading lower amid overall market weakness after Iran launched a missile attack on Israel.

Whales with a lot of money to spend have taken a noticeably bullish stance on Marvell Tech.
Looking at options history for Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $239,185 and 5, calls, for a total amount of $370,011.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $65.0 to $85.0 for Marvell Tech over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Marvell Tech's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Marvell Tech's substantial trades, within a strike price spectrum from $65.0 to $85.0 over the preceding 30 days.
<h3>Marvell Tech Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727795756_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$11.2</td>
<td>$11.05</td>
<td>$11.2</td>
<td>$65.00</td>
<td>$224.0K</td>
<td>3.0K</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$7.8</td>
<td>$7.7</td>
<td>$7.8</td>
<td>$77.50</td>
<td>$103.7K</td>
<td>697</td>
<td style="text-align: right;">133</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.64</td>
<td>$1.59</td>
<td>$1.59</td>
<td>$67.50</td>
<td>$54.8K</td>
<td>1.9K</td>
<td style="text-align: right;">116</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$6.4</td>
<td>$6.3</td>
<td>$6.4</td>
<td>$75.00</td>
<td>$50.5K</td>
<td>936</td>
<td style="text-align: right;">79</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$2.94</td>
<td>$2.87</td>
<td>$2.89</td>
<td>$85.00</td>
<td>$39.3K</td>
<td>4.2K</td>
<td style="text-align: right;">272</td>
</tr>
</tbody>
</table>

<h3>About Marvell Tech</h3>
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.
Following our analysis of the options activities associated with Marvell Tech, we pivot to a closer look at the company's own performance.
<h3>Where Is Marvell Tech Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 3,079,868, the MRVL's price is down by -1.66%, now at $70.92. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 59 days.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Marvell Tech, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Semiconductor stocks, led by Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), are trading lower Monday amid reports that Beijing is <a target="_blank" href="https://www.benzinga.com/news/24/09/41082667/heres-why-china-is-urging-its-companies-to-forgo-nvidias-chips" rel="noreferrer noopener">encouraging Chinese firms</a> to focus on domestic artificial intelligence (AI) chips from companies like Cambricon Technologies Corp and&nbsp;Huawei Technologies Co.
The move marks an escalation of geopolitical tensions between China and the U.S.
Nvidia suppliers and rivals including Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), STMicroelectronics NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) are down in pin action with the interconnectivity of the semiconductor ecosystem.
AI server company Super Micro Computer, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) is also down.
China recently announced plans to slash its key rates to drive growth, shadowing the U.S. move. The countries expect the move to drive discretionary spending, which in turn will drive economic growth.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41084992/nvidia-stock-could-touch-800-by-2030-bgg-executive-predicts-550-upside-driven-by-ai-revolution-a" rel="noreferrer noopener">Nvidia Stock Could Touch $800 By 2030, BGG Executive Predicts 550% Upside Driven By AI Revolution And Web3 Transition</a>
Prior reports indicated that Nvidia <a target="_blank" href="https://www.benzinga.com/government/24/07/39646273/is-nvidia-defying-us-export-controls-whats-going-on" rel="noreferrer noopener">was on track</a> to sell $12 billion of artificial intelligence chips in China in 2024 through the sale of over&nbsp;1 million new H20 chips, with each chip costing $12,000-$13,000.
<a target="_blank" href="https://www.benzinga.com/news/24/09/41066968/microsoft-google-meta-pave-path-to-ai-expansion-nvidia-and-broadcom-set-to-reap-benefits" rel="noreferrer noopener">Meanwhile, U.S. hyperscalers</a>, including Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Google parent&nbsp;Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) remain invested in their AI endeavors, signaling continued demand for Nvidia AI chips.
Chinese hyperscalar Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) also <a href="https://www.benzinga.com/news/24/09/41089672/whats-going-on-with-alibaba-stock-on-monday" target="_blank" rel="noreferrer noopener">collaborated with Nvidia</a> on autonomous driving experience.
<h2 class="wp-block-heading">AMD Stock Prediction For 2024</h2>
Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.
Shares of Advanced Micro Devices have an average 1-year price target of $196.27, representing an expected upside of 19.42%.
Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. No analysts have bearish recommendations on Advanced Micro Devices, while 13 analysts have bullish ratings. The street high price target from Rosenblatt is $250.0, while the street low from Truist Securities is $156.0.
Price Action: NVDA stock is down 2.65% at $118.18 premarket at the last check on Monday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40980388/amd-chief-predicts-custom-chips-will-outperform-gpus-sees-shift-in-ai-chip-demand-report" target="_blank" rel="noreferrer noopener">AMD Chief Predicts Custom Chips Will Outperform GPUs, Sees Shift in AI Chip Demand: Report</a></li>
</ul>
Photo: Nazrul Iznan via Shuttestock

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What's Going On With Chip Stocks Like Nvidia, Taiwan Semi And AMD on Monday?

Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) has outperformed the market over the past 5 years by 9.84% on an annualized basis producing an average annual return of 24.12%. Currently, Marvell Tech has a market capitalization of $61.21 billion. 
Buying $1000 In MRVL: If an investor had bought $1000 of MRVL stock 5 years ago, it would be worth $2,831.40 today based on a price of $70.67 for MRVL at the time of writing.
<h3>Marvell Tech's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727467235_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Press Releases

Marvell Technology, Inc. Announces Conference Call to Review Second Quarter of Fiscal Year 2025 Financial Results

Microsoft Integrates Marvell NIST FIPS 140-3 Level-3 Compliant LiquidSecurity HSMs into Azure Key Vault and Managed HSM Services

Marvell to Showcase Latest Cloud Storage and CXL Memory Technologies at FMS 2024

Marvell Technology, Inc. Reports Second Quarter of Fiscal Year 2025 Financial Results

Marvell, Lumentum and Coherent Demonstrate Industry's First 800G ZR/ZR+ Pluggable Modules for 500km Data Center Interconnects

Dividends

Marvell Technology, Inc. Declares Quarterly Dividend Payment

Marvell to Showcase Optical Interconnect Innovations for Accelerated Infrastructure at ECOC 2024

Marvell to Showcase Accelerated Infrastructure for AI at 2024 OCP Global Summit

Marvell Delivers Custom Ethernet Network Interface Controller Solution at Open Compute Project

Marvell Demonstrates Industry-Leading 3nm PCIe Gen 7 Connectivity for Accelerated Infrastructure at OCP 2024

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