Shares of Marvell Technology Inc (NASDAQ:MRVL) have risen by 7.04% over the last five trading sessions as the semiconductor manufacturer said that its XPU chip with a new update accelerates the performance of AI servers. Technical analysis of daily moving averages indicate a strong bullish uptrend.
What Happened: Chipmaker Marvell in a press release dated Jan. 6 said that its chip called the 'Marvell AI accelerator' or XPU, when integrated Co-Packaged Optics (CPO) enhances AI server performance.
According to the press release, by leveraging integrated optics with XPUs, AI servers can achieve significantly improved connectivity. This translates to 100 times greater reach and faster data transfer rates between XPUs, enabling seamless communication across multiple racks. It also minimizes latency and power consumption, paving the way for highly scalable and efficient AI systems.
Apart from this, Marvell's CEO Matt Murphy during its third-quarter earnings call said that they expect a 26% growth in the topline in fiscal 2025 on an annual basis.
"The exceptional performance in the third quarter, and our strong forecast for the fourth quarter, are primarily driven by our custom AI silicon programs, which are now in volume production, further augmented by robust ongoing demand from cloud customers for our market-leading interconnect products.," Murphy added.
Why It Matters: Shares of Marvell have risen by 89.87% in 2024, whereas, the Invesco QQQ Trust ETF (NASDAQ:QQQ), mirrors the Nasdaq 100, rose 26.99% in the same period, according to Benzinga Pro.
Over the last six months, the shares gained 60.12%, outperforming QQQ which just rose 3.52% in the same period.
Despite Wednesday's 0.56% fall to $117.57 apiece during after-hours technical analysis of daily moving averages shows strong support for the stock.
Marvell's shares were above its eight, 20, 50, and 200-day simple moving averages, suggesting a bullish uptrend. The 20-day moving average price was $113.87 apiece, whereas the 50-day average stood at $101.27. The 200-day moving average was at $78.20.
On the other hand, the relative strength index of 59.80 suggested that the stock could be moderately overbought but still in the neutral zone.
According to Benzinga, MRVL has a consensus price target of $111.06 per share based on the ratings of 33 analysts. The highest price target out of all the analysts tracked by Benzinga is $149 apiece issued by Craig-Hallum as of Jan. 6, 2025. The lowest target price is $75 per share issued by Barclays in Jan. 16, 2024.
The average price target between Craig-Hallum, Stifel, and Morgan Stanley imply 13.12% upside for MRVL.
Courtesy of Marvell Technology, Inc.
Marvell Technology Inc（納斯達克股票代碼：MRVL）的股價在過去五個交易日中上漲了7.04％，原因是這家半導體製造商表示，其新更新的XPU芯片加速了人工智能服務器的性能。每日移動平均線的技術分析表明強勁的看漲上升趨勢。
發生了什麼：芯片製造商Marvell在1月6日的新聞稿中表示，其名爲 「Marvell人工智能加速器」（XPU）的芯片可增強人工智能服務器性能。
根據新聞稿，通過將集成光學器件與XPU結合使用，人工智能服務器可以顯著改善連接性。這意味着覆蓋範圍擴大了100倍，XPU之間的數據傳輸速率更快，從而實現了多個機架之間的無縫通信。它還最大限度地減少了延遲和功耗，爲高度可擴展和高效的人工智能系統鋪平了道路。
除此之外，Marvell首席執行官馬特·墨菲在第三季度業績電話會議上表示，他們預計2025財年的收入將每年增長26％。
墨菲補充說：「第三季度的出色表現以及我們對第四季度的強勁預測主要是由我們的定製人工智能芯片計劃推動的，該計劃現已量產，雲客戶對我們市場領先的互連產品的持續強勁需求進一步加強。」
爲何重要：根據Benzinga Pro的數據，Marvell的股價在2024年上漲了89.87％，而反映納斯達克100指數的景順QQ信託ETF（納斯達克股票代碼：QQQ）同期上漲了26.99％。
在過去的六個月中，該股上漲了60.12％，超過了同期僅上漲3.52％的QQQ。
儘管週三盤後跌幅爲0.56％，至每股117.57美元，但對每日移動平均線的技術分析顯示出對該股的強勁支撐。
Marvell的股價高於其八、20、50和200天簡單移動平均線，表明上漲趨勢看漲。20天移動平均價格爲每人113.87美元，而50天移動平均價格爲101.27美元。200天移動平均線爲78.20美元。
另一方面，59.80的相對強度指數表明該股可能適度超買，但仍處於中性區域。
根據本辛加的說法，根據33位分析師的評級，MRVL的共識目標股價爲每股111.06美元。截至2025年1月6日，Benzinga追蹤的所有分析師中，最高的目標股價是Craig-Hallum發行的每人149美元。巴克萊銀行在2024年1月16日發行的最低目標價格爲每股75美元。
Craig-Hallum、Stifel和摩根士丹利之間的平均目標股價意味着MRVL的上漲幅度爲13.12％。
由 Marvell Technology, Inc. 提供
