Roth MKM analyst Suji Desilva initiated coverage of Marvell with a Buy rating and $60 price target. Marvell has an opportunity in the cloud AI market, particularly with newer generative AI driving a faster-than-typical upgrade cycle to 800G networking, says the firm, which believes that the company’s broad data-infrastructure-centric portfolio is well-positioned to benefit from high-performance data center infrastructure upgrades.
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