Why Is Marvell Stock Gaining Wednesday?
Marvell Technology (NASDAQ:MRVL) stock rose Wednesday after several Wall Street firms increased their price targets, citing strong demand for AI infrastructure and custom AI chips. Oppenheimer, RBC Capital, Wells Fargo, Evercore ISI, Melius Research, and CLSA all raised their forecasts, highlighting Marvell's optical networking business and its role in AWS Trainium and Microsoft Maia deployments. The company is set to report earnings on May 27, 2026, with an estimated EPS of 75 cents and revenue of $2.40 billion.
https://www.benzinga.com/markets/tech/26/05/52697913/why-is-marvell-stock-gaining-wednesday