Marvell Stock Surges on Amazon AI Chip Demand
A strategic partnership is demonstrating its transformative power for Marvell Technology.
The catalyst emerged when Amazon CEO Andy Jassy highlighted exceptional demand for the Trainium processors manufactured by the chipmaker.
Investors responded immediately, driving the stock up by more than 5%.
UBS Raises Price Target to $105
Market experts are expressing significant optimism. UBS increased its price target on Marvell from $95 to $105, maintaining a "Buy" recommendation.
This upward adjustment of 10.5% reflects growing confidence in the company's AI-driven revenue expansion.
Financial Performance
For the second quarter of its fiscal year 2026, Marvell reported net revenue of $2.006 billion, surpassing the midpoint of its guidance by $6 million.
Author's summary: Marvell stock rises 5% due to Amazon AI chip demand.