Marvell Technology catches investors’ attention as Citi initiates catalyst watch
Marvell Technology (NASDAQ:MRVL) has caught the attention of investors as Citi initiates a 30-day catalyst watch leading up to the company’s upcoming artificial intelligence event on April 11. Analyst Atif Malik highlighted the recent underperformance of Marvell’s stock, attributing it to a weaker-than-expected Apr-Q guide on non-core enterprise networking/carrier infrastructure end markets and optical concerns surrounding the use of copper-based connectivity solutions like the NVLink Switch during GTC. Marvell’s upcoming AI event is anticipated to serve as a significant catalyst, potentially reshaping the company’s trajectory in the semiconductor industry.
Pimco Shows Renewed Interest in Mortgages, Marvell Technology Emerges as Top Pick for Citi Analyst
Pimco is showing renewed interest in mortgages, citing them as one of the most attractive assets. The investment management firm is eyeing mortgages once again, indicating a potential shift in focus within the financial sector. Marvell Technology Inc. has emerged…