Marvell Technology AI Sales To Double: 5 Analysts Take A Look At Q1 Print
Portfolio Pulse from Priya Nigam
Marvell Technology (MRVL) reported better-than-expected Q1 results, with analysts raising price targets and highlighting the company's AI growth potential. MRVL expects its AI exposure to double in each of the next two years.
May 26, 2023 | 4:22 pm
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Marvell Technology's Q1 results exceeded expectations, leading to raised price targets from analysts. The company's AI growth potential is a key focus, with AI exposure expected to double in the next two years.
Marvell Technology's better-than-expected Q1 results and raised price targets from analysts indicate a positive short-term impact on the stock. The company's focus on AI growth and expectations of doubling AI exposure in the next two years further support this positive outlook.
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