Wells Fargo raised its price target for Marvell Technology to $195 from $135, citing AWS Trainium deployment and custom silicon momentum, while Oppenheimer increased its target to $200 from $170 ahead of quarterly results. Both firms highlight Marvell's strong position in AI infrastructure, driven by data center growth and new custom AI design opportunities. Despite a high valuation, the bullish outlook reflects confidence in Marvell's growth pipeline, with the next key event being the Q1 FY2027 earnings report on May 27. Investors should weigh the growth potential against valuation risks and upcoming earnings.
The FTSE 100 index fell slightly, dragged down by mining stocks reacting to China's slower GDP growth of 4.3% in Q2, its weakest in three years. Despite this, oil prices remained steady amid US-Iran tensions. PayPal shares jumped over 14% following r...
The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) has delivered a 48.9% return year-to-date, nearly doubling the 25% return of the Vanguard Information Technology ETF (VGT). Unlike VGT, which heavily invests in mega-cap tech giants like Nvidia,...
