Koopmans Chris sold $2.0M of MRVL (indirect holdings)

Marvell Technology (MRVL) raised its revenue outlook to $18B for fiscal 2028, but its stock fell 16.4% over three months. The company trades at a P/E of 88.0, significantly higher than the S&P 500's 22.5. Management expects revenue growth of about 50% in fiscal 2028, with major gains from an AI chip deal anticipated in fiscal 2029 and beyond.

Qualcomm (QCOM) shares rose 19.65% in September, reaching $198, after partnerships with Google and technical showcases. Analysts like StoneX reiterated a Buy rating with a $270 target. Marvell (MRVL) also gained 24.70% on AI data center tech. Investing.com's AI strategies outperformed the S&P 500.

Marvell Technology (MRVL) rose 6% to $257.38 after announcing 2nm optical interconnect tech at ECOC 2026. Morgan Stanley raised its target to $268, citing growth opportunities. MRVL is trading above $233–$238 resistance, with Investor Day on Oct 6 as the next catalyst.

Marvell Technology (MRVL) shares rose 6.1% after announcing 2nm optical interconnect demonstrations for AI data centers. Morgan Stanley raised its price target to $268. Shares closed at $257.14, up 5.5%. The company is up 187% YTD but 19% below its 52-week high. Positive macroeconomic factors and sector-wide AI chipmaker rally contributed to the surge.

Marvell's stock rose due to Morgan Stanley's positive outlook, predicting $40B+ revenue by 2030, driven by Google custom silicon. Morgan Stanley raised its price target to $268 from $246, citing strong data center growth but noted risks from tech spending cycles and inventory pressures.

Marvell Technology (MRVL) shares rose 6% on Monday after announcing a 2nm optical interconnect demo for AI data centers. Morgan Stanley raised its price target to $268, citing potential $40B+ fiscal 2030 revenue. MRVL grew revenue 42% to $8.2B in fiscal 2026, forecasting 45% and 50% growth for fiscal 2027 and 2028, respectively.