Marvell Technology Group is trading 3.01% higher at $266.75 after Seaport Research initiated coverage with a Buy rating and a $270 price target, citing strong AI data-center demand across custom silicon and optical interconnect businesses.

  • The S&P 500 and Nasdaq Composite are both up more than 0.5%.
  • Recent 2nm optical demonstrations and strong data-center growth are reinforcing investor optimism ahead of late-October earnings.