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Bank of America resets Marvell stock price target after Nvidia deal

Bank of America resets Marvell stock price target after Nvidia deal

Marvell Technology stock (MRVL) has got Wall Street talking. It is suddenly back on the radar. And interestingly, this time, Wall Street is turning more bullish.

Shares of Marvell closed at $99.05 on March 31 after jumping 12.8% that single day, as per Yahoo Finance, extending an already strong run. In fact, Marvell is now up more than 60% over the past year, far beyond the broader S&P 500.

So what’s behind the latest single-day bull run? A fresh price target hike from one of the biggest banks on Wall Street, and a powerful new partnership with Nvidia that could reshape the artificial intelligence (AI) infrastructure space.

Marvell and Nvidia are key players in the semiconductor space, driving advances in data…

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