Marvell Rallies After Sector-Led Buying, Analyst Reaffirmation
Marvell Technology shares jumped sharply in morning trading, led by a sector-wide comeback in optical communications and AI chip stocks. The stock climbed to $246.20, recovering from a multi-week decline, as peers rallied and RBC Capital Markets reiterated an Outperform rating with a $360 price target tied to robust data-center revenue growth forec…