Marvell Stock Price Forecast (NASDAQ:MRVL) $62.87 Price, 69% AI Growth, Buy Rating
Marvell Technology (NASDAQ:MRVL) Stock Analysis: AI Growth, Custom Chips, and Valuation Reset
NASDAQ:MRVL Faces Sharp Selloff but Structural Growth Drivers Remain
Shares of Marvell Technology (NASDAQ:MRVL) plunged 18.6% on August 29, closing at $62.87 after disappointing guidance. This wiped nearly $10B from its market cap, now at $54.2B, despite the company reporting strong Q2 revenue of $2B, up 58% year-over-year, with EPS of $0.67. The drop followed management’s cautious outlook on custom AI chip ramp-up, particularly with Microsoft, signaling that hyperscaler-driven demand may materialize later than expected. The selloff reflects how investors penalize anything short of flawless execution in the current AI-driven semiconductor…
