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Marvell Technology Quells Fears Of Losing Next-Gen XPU At Amazon, Expects To Surpass AI Revenues In FY26

Summary

Despite upbeat Q4 results, shares of Marvell Technology Inc (NASDAQ: MRVL) fell due to concerns over losing next-gen XPU at Amazon. Analysts keep Overweight/Buy ratings with price targets ranging from $100-$135.

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Article published on March 6, 2025 by benzinga

    Marvell Technology Quells Fears Of Losing Next-Gen XPU At Amazon, Expects To Surpass AI Revenues In FY26 | AMZN Stock News | Candlesense