Marvell Technology stock gains after the semiconductor tech company hosted its custom artificial intelligence (AI) chip event, showcasing its AI plans and capacity.
Following the event, Bank of America analysts lifted their price target for the stock to $90 from $80. BofA Securities senior semiconductor analyst Vivek Arya joins Market Domination to explain what drove the price target increase and why he’s bullish on Marvell as an AI player.
To watch more expert insights and analysis on the latest market action, check out more Market Domination here: https://finance.yahoo.com/videos/series/market-domination/
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