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Marvell Stock Rally Faces a $170 Wall as AI Chip Bets Run Hot
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Marvell Stock Rally Faces a $170 Wall as AI Chip Bets Run Hot
Marvell Technology shares closed at $164.31 on April 24, above B. Riley’s new $156 price target and well above the analyst average of $120.28. The stock surged over 125% in eight weeks, fueled by AI chip and optical networking deals with Nvidia and others. Some analysts raised targets to $170, while others warned the rally may be overextended. Marvell traded at $160.88 premarket Monday. The post Marvell Stock Rally Faces a $170 Wall as AI Chip B…
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