Bank of America hikes Marvell target to $125 after $2B Nvidia NVLink deal
Bank of America reiterated Buy on Marvell and raised its price target to $125 from $110, citing Marvell’s expanding AI infrastructure role. Nvidia agreed to invest $2 billion via NVLink partnership to bolster Marvell’s high-speed connectivity products for data centers.
1. Bank of America Increases Price Target
Bank of America boosted its Marvell price objective to $125 from $110, reaffirming a Buy rating. The upgrade reflects expectations for Marvell's AI infrastructure revenue growth driven by heightened demand for high-speed interconnect solutions.
2. Nvidia Commits $2B to NVLink Partnership
Nvidia will invest $2 billion in Marvell's NVLink connectivity platform over the coming quarters. This funding strengthens Marvell’s role in supplying high-bandwidth chip interconnects for Nvidia’s AI data center deployments, potentially accelerating product adoption and recurring revenues.