Marvell Technology (NASDAQ:MRVL – Free Report) had its target price cut by Bank of America from $150.00 to $120.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

The chipmaker fell sharply early Thursday as its slight earnings outlook failed to impress investors looking for a boost to the AI trade.

Shareholders in Marvell Technology, Inc. ( NASDAQ:MRVL ) had a terrible week, as shares crashed 23% to US$70.84 in

Nvidia Corp.’s stock was among the many semiconductor stocks moving lower in Thursday morning action, in the wake of Marvell Technology Inc.’s earnings report which has put a further dent in the artificial-intelligence trade.

Marvell Technology's (MRVL.O), opens new tab shares closed down 19.8%, marking their worst day in more than two decades and weighing on rival chipmakers' stocks on Thursday, after an in-line ...

The hardest thing about making custom AI chips for large, demanding customers might be the expectations that go with it. Shares of Marvell Technology slid Thursday morning following its quarterly report.