Marvell Technology: Milestone with 5 Million Optical Circuits - KeyBanc Sees 30% Chance!
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Marvell Technology and Tower Semiconductor achieve an operational milestone with the delivery of over 5 million coherent photonic integrated circuits (PICs) for AI data centers. KeyBanc analysts point out growth opportunities in the "Scale-Up" sector and raise the price target to $385 (Overweight). Revenue growth is expected to accelerate from 40% in fiscal year 2027 to 45% in the following year. The stock is trading over 5% up pre-market and is approaching its all-time high. Marvell Technology (MRVL) is reportedly the next company...
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