BUZZ-"Broker Opinions" Observation: As growth drivers for artificial intelligence continue to increase, Wall Street’s attitude towards Marvell Electronics is becoming more positive.
路透社2026/10/07 10:36October 7 - Marvell Technology (MRVL.O) on Tuesday raised its fiscal 2028 revenue forecast to around $20 billions, beating Wall Street expectations, as surging artificial intelligence spending drives growing demand for the company’s custom data center chips. At least 11 analysts have raised their price targets; the median target price among 45 brokerages covering the stock is $325, according to Reuters data. Full speed ahead: Morgan Stanley (rated “Neutral”, target price $300) said the company's long-term targets are achievable in a potential $3 trillion AI infrastructure spending environment, but cautioned that the projected 55%-70% growth leaves almost no room for execution errors, setting a high bar for quarterly results. JPMorgan (“Overweight”, target price $360) noted: "The company is operating at full speed, and the upgraded outlook is not limited to a single product category or customer, but is supported by multiple growth drivers across the data center full stack.” TD Cowen (“Buy”, target price $350) stated that Marvell’s underlying growth momentum has fully shifted to its robust connectivity business, and the risks associated with its custom XPU projects have substantially eased. Melius Research (“Buy”, target price $445) believes that Marvell's market capitalization could reach $1 trillion if the company executes as planned. (For the convenience of non-English speakers, Reuters has automatically translated its report into several other languages. Due to possible errors in automated translation or the absence of required context, Reuters does not guarantee the accuracy of translated texts, which are provided only for reader convenience. Reuters assumes no liability for any damage or loss caused by use of the automated translation feature.)
October 7 - ** Marvell Technology (MRVL.O) on Tuesday raised its fiscal 2028 (link) revenue guidance to around $20 billion, above Wall Street expectations, as surging artificial intelligence spending is driving increased demand for the company’s custom data center chips.
** At least 11 analysts raised their price targets; among 45 brokerages covering the stock, the median price target is $325 — according to Reuters compiled data.
Full speed ahead
** Morgan Stanley (rating: “Neutral”, target price: $300) said that in a potential $3 trillion AI infrastructure spending environment, the company’s long-term goals are achievable, but warned that expected growth of 55%-70% leaves nearly no room for execution errors, setting a high bar for quarterly performance.
** JPMorgan (“Overweight”, target price: $360) stated: “The company is firing on all cylinders, and the guidance upgrade is not limited to one product category or customer, but is supported by several growth drivers across the data center full stack.”
** TD Cowen (rating: “Buy”, target price: $350) noted that Marvell’s fundamental growth drivers have completely shifted to its strong connectivity business, and that risks associated with its custom XPU project have been significantly alleviated.
** Melius Research (“Buy”, target price: $445) believes that if Marvell can deliver as planned, its market capitalization could reach $1 trillion.
(To assist non-English speakers, Reuters has automated the translation of its reports into several other languages. Because automated translation may contain errors or may not include the context required, Reuters does not guarantee the accuracy of automated translation. The automated translation is provided to assist readers only. Reuters accepts no responsibility for any damage or loss caused by the use of automated translation.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ - H&P shares rise after drilling automation partnership with ExxonMobil
On October 7th, shares of the oilfield services company Helmerich & Payne (HP.N) rose 2% in pre-market trading to $40.4. H&P announced plans to deploy seven additional FlexRobotics systems for ExxonMobil (XOM.N) over the next 12 months. FlexRobotics is HP’s automated drilling platform technology. The company expects its operating margin to improve in fiscal year 2027 and reported strong performance in the fourth quarter. H&P remains committed to reducing its leverage ratio by the end of fiscal year 2027. As of the previous trading day’s close, the stock had risen 38.1% year-to-date. (For convenience, Reuters provides automated translations of its reports into several other languages. Automated translations may contain errors or not include the required context. Reuters does not guarantee the accuracy of automated translations and provides them solely for readers’ convenience. Reuters accepts no liability for any damages or losses arising from the use of automated translation features.)
BUZZ - Roblox shares fall after Google and Unity announce the launch of an AI-powered game creation platform
On October 7 – After Google and Unity announced the launch of a new AI gaming platform (link), the share price of gaming platform Roblox (RBLX.N) dropped 4.8% in pre-market trading to $43.39. The platform jointly developed by Google (GOOGL.O) and Unity (U.N) allows users to generate and customize playable games using only text prompts, without programming. Roblox has been expanding its own AI creation suite (link), including the introduction of the "Build" text-to-game tool in July, as well as other generative AI features added for developers in September. As of the previous trading day's close, RBLX had fallen roughly 44% year-to-date. (For the convenience of non-English speakers, Reuters has automated translation of its reports into multiple languages. Since automated translation may contain errors or lack the required context, Reuters does not guarantee the accuracy of automated translations and provides them for the convenience of readers only. Reuters bears no liability for any damages or losses arising from the use of automated translation.)
Swiss Franc: Range trading persists against US Dollar – UOB
Exclusive Report – According to two sources, the first liquefied natural gas production line of Qatar Energy’s NFE project is ready and about to start operation.
According to two sources familiar with the matter, the first liquefied natural gas (LNG) production line under the "North Field East" expansion project by QatarEnergy is now ready and about to start operation, with the first batch of natural gas expected to be produced in November. This could provide Qatar with a way to restore some of the output lost due to attacks from Iran.
Crypto prices
More
