Redburn Atlantic initiated coverage of Marvell (MRVL) with a Neutral rating and $67 price target The firm has some reservations about Marvell’s contribution to future Amazon Web Services Trainium chips. There is a plausible risk that either competitors such as AIchip or AWS’s Annapurna Labs will assume a larger role in AWS’s accelerated application-specific integrated circuits in the future, the analyst tells investors in a research note.
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