Marvell Technology is trading 4.04% up at $19.58, with coverage linking the move to Citi analyst Atif Malik’s bullish view of its AI data-center networking opportunity.
- Coverage also points to the prospect of further positive outlook revisions before the company’s October 6 Investor Day.
- A broader chip-sector rebound and continuing interest in AI infrastructure appear supportive. Management plans to discuss growth opportunities in AI and data-center infrastructure at the October 6 event.