Marvell Technology: A Defensive Play in the Turbulent AI Chip Sector?

As the technology sector faces a significant downturn and fears of an “AI bubble” rattle the markets, Marvell Technology is demonstrating notable resilience. Despite a severe sell-off impacting semiconductor stocks, the company’s shares are finding stability as the week concludes. This prompts a critical question for investors: is this a temporary pause before further declines, or are major institutions strategically building positions ahead of a potential rebound?

Contrasting the broader tech weakness, Marvell has received a significant vote of confidence from investment firm Raymond James. Initiating coverage on the stock, the firm issued a “Strong Buy” rating and set a price target of $121. This Read more...