Cantor Fitzgerald analyst C.J. Muse initiated coverage of Marvell with an Overweight rating and $80 price target. The firm, which recommends investors remain Overweight semiconductor stocks as a group, views Marvell as a potential outperformer as it expresses a preference for exposure to AI. Marvell is “undergoing a bottoming process with a clear line of sight to AI-driven Data Center strength,” the analyst tells investors.
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