BofA analyst Vivek Arya raised the firm’s price target on Marvell (MRVL) to $150 from $140 and keeps a Buy rating on the shares. The firm, which raised its multiple on long-term AI share potential, sees increased potential for Marvell in compute with custom silicon and optics with DSPs over the next few years. The firm expects custom silicon to maintain about 15% value share of the AI accelerator market and for Marvell to represent about 20% of this over time, the analyst tells investors.
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