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Barchart
Aanchal Sugandh

Marvell Stock Is Surging on Raised Guidance. How to Play MRVL Here.

Marvell MRVL Matt Murphy Marvell Technology

In June, Nvidia (NVDA) CEO Jensen Huang said Marvell Technology (MRVL) could become a trillion-dollar company. The remark caught Marvell’s CEO, Matt Murphy, by surprise, although he acknowledged that the company has an opportunity large enough to support such an outcome.

Investors are now putting a much higher value on that possibility. On Tuesday, Oct. 6, Marvell used its investor day to set long-term revenue targets, becoming the latest artificial intelligence (AI) infrastructure company to raise its financial expectations in recent months. The stock rose 5.8% that day.

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