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.