Roth Capital maintains a Buy rating on Marvell (MRVL) with a $135 price target after the company formed a technology partnership with Nvidia (NVDA). As part of the partnership, Nvidia announced a $2B equity investment in Marvell. Roth believes We believe the partnership supports “expectations of continued strong growth” at Marvell. The company is gaining traction providing core AI infrastructure to a diversifying base of hyperscale customers, the analyst tells investors in a research note.
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