Marvell Stock Ignites Rally After UBS Says 'AI Optics Boom Is Here'
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Marvell Technology shares rose 5% after UBS increased its price target to $110, citing AI optics demand. The company faces challenges from U.S.-China trade issues and AI chip competition. Analysts forecast Q3 EPS of $0.74 and revenue of $2.07 billion. HSBC initiated coverage with a Hold rating and $85 target, highlighting Asia exposure and ASIC strategy concerns.
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