옵션 체인은 다양한 행사가격과 만기일에 대한 Marvell Tech의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Marvell Tech에 대한 시장 심리를 평가합니다..

Marvell Tech (NASDAQ:MRVL) 주식, 옵션 체인

Marvell Tech

Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.

Marvell Technology

Marvell Technology Group

Analyst Color

Equities

Markets

Analyst Ratings

Tech

ASML

AVGO

MRVL

네덜란드 반도체 장비 제조업체 ASML 홀딩 N.V.(NASDAQ:ASML)의 주식은 수요일 6.42% 하락하여 683.52달러에 마감했다. 이는 2일 연속 하락으로, 화요일 3분기 실적 보고서가 예정보다 하루 일찍 실수로 공개되어 주가가 16% 이상 급락한 영향의 연장이었다.

2025년 매출 전망 하향 조정에 ASML 주가 2일 연속 급락: 반도체 산업 어려움 분석

Government

News

Regulations

Media

AAPL

INTC

NVDA

QCOM

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

반도체 칩 주식은 엔비디아(NASDAQ:NVDA)가 지난 금요일 이후 투자자 매도세로 하락세를 보이고 있다. 이는 마이크론 테크놀로지(NASDAQ:MU)의 긍정적인 분기 실적과 미국 연방준비제도(연준)의 금리 인하로 수요가 증가한 후 발생한 일이다.

엔비디아 매도세에도 불구하고, 바이든의 법과 TSMC의 장점이 성장 잠재력을 제공

Earnings

Movers

LRCX

여러 반도체 관련 주식들이 수요일 시장 마감 후 상승하고 있다. 이는 마이크론 테크놀로지(NASDAQ:MU)의 주가가 강력한 분기 실적을 발표한 후 급등한 것과 함께 발생한 일이다.

웨스턴 디지털, 엔비디아 등 칩주식들이 수요일 애프터 마켓에서 상승하는 이유는?

Marvell Technology Inc

MARVELL TECHNOLOGY ORD

Whales with a lot of money to spend have taken a noticeably bearish stance on Marvell Tech.
Looking at options history for Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 61% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $207,135 and 15, calls, for a total amount of $1,072,934.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $120.0 for Marvell Tech during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Marvell Tech options trades today is 3199.64 with a total volume of 5,642.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Marvell Tech's big money trades within a strike price range of $60.0 to $120.0 over the last 30 days.
<h3>Marvell Tech Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730829710_0_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$18.2</td>
<td>$18.05</td>
<td>$18.05</td>
<td>$70.00</td>
<td>$180.5K</td>
<td>1.1K</td>
<td>105</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$18.05</td>
<td>$18.05</td>
<td>$18.05</td>
<td>$70.00</td>
<td>$180.5K</td>
<td>1.1K</td>
<td>205</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$4.85</td>
<td>$4.6</td>
<td>$4.6</td>
<td>$120.00</td>
<td>$120.9K</td>
<td>11</td>
<td>264</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$4.55</td>
<td>$3.55</td>
<td>$3.9</td>
<td>$84.00</td>
<td>$107.2K</td>
<td>1.4K</td>
<td>275</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$0.19</td>
<td>$0.06</td>
<td>$0.06</td>
<td>$60.00</td>
<td>$104.3K</td>
<td>17.3K</td>
<td>2.2K</td>
</tr>
</tbody>
</table>

<h3>About Marvell Tech</h3>
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.
Following our analysis of the options activities associated with Marvell Tech, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Marvell Tech</h3>
<ul>
<li>Currently trading with a volume of 3,848,760, the MRVL's price is up by 1.65%, now at $85.77. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 24 days.</li>
</ul>
<h3>What Analysts Are Saying About Marvell Tech</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $91.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Citigroup persists with their Buy rating on Marvell Tech, maintaining a target price of $91. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Marvell Tech, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Check Out What Whales Are Doing With MRVL

Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) has outperformed the market over the past 10 years by 9.5% on an annualized basis producing an average annual return of 20.29%. Currently, Marvell Tech has a market capitalization of $72.57 billion. 
Buying $1000 In MRVL: If an investor had bought $1000 of MRVL stock 10 years ago, it would be worth $6,235.08 today based on a price of $83.78 for MRVL at the time of writing.
<h3>Marvell Tech's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730741410_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

$1000 Invested In This Stock 10 Years Ago Would Be Worth $6,200 Today

WIIM

AMAT

ENTG

KLAC

MCHP

NXPI

SWKS

Shares of semiconductor stocks are trading lower. The sector may be under pressure following recent earnings from multiple companies in the sector.

LSCC

RMBS

SIMO

TSEM

Shares of chip stocks are trading lower. The sector may be under pressure after AMD and Qorvo fell on their respective earnings reports and outlook. Additionally, SMCI may be causing sector uncertainty after its independent auditor resigned.

Chip stocks led by Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) are trading lower Wednesday in sympathy with Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>).
AMD stock maintained its downward trajectory since Tuesday after its <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41612007/amd-q3-earnings-revenue-beat-eps-in-line-data-center-up-122-significant-growth-opportunities-ahead-" rel="noreferrer noopener">quarterly print failed</a> to impress the Street.
AMD reported third-quarter revenue of $6.8 billion, up by 18%, topping analyst estimates&nbsp;of $6.71 billion. The third-quarter EPS of 92 cents was in line with analyst estimates.
Also Read: <a href="https://www.benzinga.com/news/24/09/40800539/amazon-and-oracle-partnership-unlocks-major-cloud-growth-opportunity-analyst-suggests" target="_blank" rel="noreferrer noopener">Amazon and Oracle Partnership Unlocks Major Cloud Growth Opportunity, Analyst Suggests</a>
Data Center revenue rose 122%, and Client segment revenue increased 29%. Gaming revenue fell 69%, and Embedded revenue declined 25% year-over-year to $927 million.
AMD expects fourth-quarter revenue of $7.2 billion-$7.8 billion, versus the analyst consensus of $7.54 billion.
The chip sector benefited from the artificial intelligence frenzy. However, the U.S.&#8217;s geopolitical tensions with China and the sustainability of capital-intensive AI technology prospects have kept analysts cautious.
Meanwhile, the sector noted changing dynamics among semiconductor companies, with tech giants forging partnerships to reduce dependence on Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Databricks forged a five-year deal for affordable AI-building services leveraging <a href="https://www.benzinga.com/news/24/10/41337034/amazon-strikes-at-nvidias-stronghold-through-databricks-deal-cutting-ai-costs-by-40" target="_blank" rel="noreferrer noopener">Amazon&#8217;s Trainium chips</a>. ChatGPT parent OpenAI added AMD as <a href="https://www.benzinga.com/news/24/10/41609022/openai-chooses-broadcom-for-ai-interface-chip-development" target="_blank" rel="noreferrer noopener">an additional supplier</a> in addition to Nvidia. OpenAI also tapped Broadcom and Taiwan Semiconductor to build its in-house chip.
<a href="https://www.benzinga.com/government/24/10/41579507/nvidia-taps-indias-growing-ai-market-partnering-with-tech-giants-and-scaling-data-centers" target="_blank" rel="noreferrer noopener">Last week, Nvidia</a> briefly claimed the title of the world&#8217;s most valuable company, with its market cap hitting $3.53 trillion, just above Apple Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) $3.52 trillion driven by unprecedented demand for its AI supercomputing chips. 
Russ Mould, AJ Bell&#8217;s investment director, said that Nvidia&#8217;s chip demand remains strong as more companies integrate AI into their daily operations.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41583865/what-to-expect-from-apples-fq4-earnings" target="_blank" rel="noreferrer noopener">What To Expect From Apple&#8217;s FQ4 Earnings?</a></li>
</ul>
Photo: Shutterstock

AMZN

What's Going On With Chip Stocks Nvidia, Broadcom, Taiwan Semi, Micron And Others Wednesday?

OpenAI has partnered with Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) to build this in-house chip.
The ChatGPT parent added Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) as a chip supplier to better address artificial intelligence demands. Broadcom, AMD, and Taiwan Semiconductor&#8217;s stocks gained after the report.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41357485/intel-partners-with-amd-to-counter-arms-rising-dominance-in-computing" rel="noreferrer noopener">Intel Partners With AMD To Counter Arm&#8217;s Rising Dominance in Computing</a>
OpenAI is ramping up efforts to produce its chip designed to power advanced AI systems, Reuters reports.
OpenAI&#8217;s move reflects its plans to seek alternatives to manage costs better and reduce dependency on existing suppliers like Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Broadcom has been working closely with OpenAI to develop this chip, which primarily focuses on &#8220;inference&#8221; — applying AI models to make decisions based on new data. As demand for inference chips grows, OpenAI&#8217;s custom-built chip could eventually support more applications, complementing its reliance on training chips provided by Nvidia.
Securing access to manufacturing capacity with Taiwan Semiconductor has been part of the process. Sources indicate OpenAI plans to produce its first custom-designed chip by 2026.
Another notable development is collaboration with AMD. Through Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Azure, OpenAI will utilize AMD&#8217;s MI300X chips.
<h2 class="wp-block-heading">Recent analyst takes on Broadcom and AMD</h2>
JPMorgan analyst Harlan Sur highlights semiconductors as a <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41401505/broadcom-marvell-set-to-lead-in-2025-as-semiconductor-sector-is-at-the-cusp-of-a-se" rel="noreferrer noopener">top investment area</a> for 2024, predicting a solid up-cycle after 2023&#8217;s sector bottom. Sur noted Broadcom and Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) as critical players poised for growth, especially in cloud infrastructure and custom AI chips.
Goldman Sachs analysts, led by Toshiya Hari, <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41431993/amd-to-benefit-from-ai-competitive-arms-race-goldman-sachs" rel="noreferrer noopener">underscored the sustained</a> expansion of AI infrastructure spending across industries as a driving force behind their bullish take on AMD. Hari flagged increased capital investments from large enterprises engaged in an &#8220;AI arms race.&#8221;
Price Actions: At the last check on Tuesday, AVGO stock was up 3.84% to $176.62. AMD is up 3.48%, and TSM is up 1.51%.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/government/24/10/41604100/trump-goes-after-taiwan-semiconductor-on-joe-rogan-podcast" target="_blank" rel="noreferrer noopener">Trump Goes After Taiwan Semiconductor On Joe Rogan Podcast</a></li>
</ul>
Photo courtesy: Shutterstock

MSFT

OpenAI Chooses Broadcom For AI Interface Chip Development

Whales with a lot of money to spend have taken a noticeably bullish stance on Marvell Tech.
Looking at options history for Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) we detected 15 trades.
If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $69,375 and 13, calls, for a total amount of $829,349.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $120.0 for Marvell Tech over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Marvell Tech stands at 2811.9, with a total volume reaching 4,424.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Marvell Tech, situated within the strike price corridor from $30.0 to $120.0, throughout the last 30 days.
<h3>Marvell Tech Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730148342_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$14.15</td>
<td>$13.65</td>
<td>$13.75</td>
<td>$120.00</td>
<td>$343.7K</td>
<td>0</td>
<td style="text-align: right;">250</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$8.7</td>
<td>$8.6</td>
<td>$8.65</td>
<td>$80.00</td>
<td>$64.8K</td>
<td>8.9K</td>
<td style="text-align: right;">99</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$57.7</td>
<td>$52.7</td>
<td>$54.15</td>
<td>$30.00</td>
<td>$54.1K</td>
<td>45</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$2.82</td>
<td>$2.78</td>
<td>$2.82</td>
<td>$85.00</td>
<td>$49.0K</td>
<td>5.3K</td>
<td style="text-align: right;">789</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$6.1</td>
<td>$6.05</td>
<td>$6.1</td>
<td>$85.00</td>
<td>$45.7K</td>
<td>7.7K</td>
<td style="text-align: right;">347</td>
</tr>
</tbody>
</table>

<h3>About Marvell Tech</h3>
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.
<h3>Where Is Marvell Tech Standing Right Now?</h3>
<ul>
<li>With a trading volume of 6,638,777, the price of MRVL is up by 2.24%, reaching $83.44.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 32 days from now.</li>
</ul>
<h3>Expert Opinions on Marvell Tech</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $91.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Marvell Tech, targeting a price of $91. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Marvell Tech with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

This Is What Whales Are Betting On Marvell Tech

Bank of America analyst Vivek Arya believes that investments from major cloud service providers in order to meet rising demand for AI will lead to the surge in hyperscale investments in 2025.
Arya&#8217;s picks for semiconductor and AI companies which he expects will best capitalize on this growth, include NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and Arm Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>).
The analyst specifically refers to cloud service providers including Google parent Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Amazon.Com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
Arya believes that the hyperscale investments will involve both defensive and offensive spending. Defensive spending is focused on maintaining competitiveness in the market and typically includes projects related to infrastructure, security, and reliability improvements. In contrast, offensive spending aims at company growth and usually involves expanding data center capacity or enhancing artificial intelligence capabilities.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41549147/goldman-sachs-analyst-remains-bullish-on-boeing-despite-weak-q3-long-term-deep-valu">Goldman Sachs Analyst Remains Bullish On Boeing Despite Weak Q3: &#8216;Long-Term Deep-Value Opportunity&#8217;</a>
Price Action: At the time of writing, NVDIA shares are trading 1.03% higher at $141.86, Micron stock is moving 1.15% higher at $108.08, Marvell shares are flat at $81.90 and Arm stock is trading 2.13% higher at $144.05 according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo via Shutterstock

GOOGL

Ahead of Q3 Earnings, Bank of America Names Beneficiaries of Surge in Hyperscale Spending

Chip stocks, including Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Monolithic Power Systems, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), are trading higher Friday.
The move is in sympathy with Western Digital Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) rally following its upbeat quarterly print.
On Thursday, Western Digital reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41531805/western-digital-shares-rally-after-q1-results-eps-beat-revenues-miss" rel="noreferrer noopener">first-quarter EPS</a> of $1.78, which beat the analyst consensus of $1.73. Quarterly revenue of $4.09 billion trailed the consensus estimate of $4.12 billion compared to $2.75 billion a year ago.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41339315/nvidia-and-intel-competition-threaten-amds-growth-analyst-says" rel="noreferrer noopener">Nvidia and Intel Competition Threaten AMD&#8217;s Growth, Analyst Says</a>
Western Digital expects second-quarter revenue of $4.2 billion-$4.4 billion, versus the $4.35 billion estimate, and adjusted EPS of $1.75-$2.05, versus the $1.95 estimate.
KeyBanc analyst John Vinh <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41235547/nvidia-amd-lead-the-pack-broadcom-stable-intel-falters-analysts-latest-take" rel="noreferrer noopener">recently flagged mixed performance</a> in the semiconductor supply chain, revising several estimates and price targets. Despite weak analog markets, he cited signs of recovery in automotive and robust demand in traditional servers and AI, with Nvidia&#8217;s Blackwell launch on track for the fourth quarter.
Vinh downgraded Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) and Synaptics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYNA#NASDAQ">SYNA</a>) to Sector Weight, pointing to Qualcomm&#8217;s market share loss to MediaTek due to price competition and Synaptics&#8217; challenges in IoT against local competitor HiSilicon.
He highlighted Nvidia and AMD positively for their robust AI and server demand, whereas Micron, Monolithic Power, Marvell, and Intel face headwinds from market share losses and intensifying competition.
<h2 class="wp-block-heading">Western Digital Stock Prediction For 2024</h2>
Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.
Shares of Western Digital have an average 1-year price target of $92.07, representing an expected upside of 27.01%.
Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. No analysts have bearish recommendations on Western Digital, while 12 analysts have bullish ratings. The street high price target from Rosenblatt is $115.0, while the street low from Susquehanna is $75.0.
Price Actions: At last check Friday, NVDA stock was up 2.13% at $143.33. AMD stock is up 3.09%, AVGO stock is up 2.47%, MU is up 2.80%, TSM is up 2.64%, ON is up 3.17%, and INTC stock is up 3.69%.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41357485/intel-partners-with-amd-to-counter-arms-rising-dominance-in-computing" target="_blank" rel="noreferrer noopener">Intel Partners With AMD To Counter Arm&#8217;s Rising Dominance in Computing</a></li>
</ul>
Photo via Shutterstock

MPWR

SYNA

What's Going On With Nvidia, AMD And Other Chip Stocks On Friday?

CRUS

FSLR

Shares of chip stocks are trading lower amid overall market weakness.

Deep-pocketed investors have adopted a bearish approach towards Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MRVL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 23 extraordinary options activities for Marvell Tech. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 60% bearish. Among these notable options, 10 are puts, totaling $1,041,041, and 13 are calls, amounting to $792,116.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $100.0 for Marvell Tech during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Marvell Tech options trades today is 1661.25 with a total volume of 13,124.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Marvell Tech's big money trades within a strike price range of $40.0 to $100.0 over the last 30 days.
<h3>Marvell Tech Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729708248_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$0.75</td>
<td>$0.53</td>
<td>$0.68</td>
<td>$68.00</td>
<td>$561.0K</td>
<td>11</td>
<td>8.3K</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$9.5</td>
<td>$9.4</td>
<td>$9.5</td>
<td>$85.00</td>
<td>$131.1K</td>
<td>256</td>
<td>237</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$16.3</td>
<td>$16.15</td>
<td>$16.3</td>
<td>$72.50</td>
<td>$125.5K</td>
<td>698</td>
<td>93</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$9.75</td>
<td>$9.7</td>
<td>$9.75</td>
<td>$85.00</td>
<td>$96.5K</td>
<td>256</td>
<td>0</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$6.75</td>
<td>$6.7</td>
<td>$6.7</td>
<td>$85.00</td>
<td>$93.8K</td>
<td>4.1K</td>
<td>233</td>
</tr>
</tbody>
</table>

<h3>About Marvell Tech</h3>
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.
Following our analysis of the options activities associated with Marvell Tech, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Marvell Tech</h3>
<ul>
<li>Trading volume stands at 4,689,325, with MRVL's price down by -4.12%, positioned at $79.92.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 37 days.</li>
</ul>
<h3>What Analysts Are Saying About Marvell Tech</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $91.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Citigroup persists with their Buy rating on Marvell Tech, maintaining a target price of $91. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Marvell Tech options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Smart Money Is Betting Big In MRVL Options

Wall Street maintained a cautious stance amid a flurry of earnings reports this week, while markets posted gains for the <a href="https://www.benzinga.com/markets/asia/24/10/41411026/bank-earnings-propel-wall-street-to-record-peaks-oil-plunges-below-70-gold-shines-at-all-time-highs">sixth consecutive week</a>.
With some important tech companies scheduled to announce their earnings this week, the Nasdaq Composite kicked off the week on a positive note even as the Dow Jones and S&amp;P 500 opened in the red.
Nearly a fifth of S&amp;P 500 companies are set to report their earnings this week. Cumulative earnings of S&amp;P 500 companies are set to rise for a fifth straight quarter, FactSet said.
On Tuesday, earnings from companies like GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), 3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), and General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) will be on investors' radar.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.65%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.00%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.48%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.90%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Monday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.50% to $580.71 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 0.65% to $492.19, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>.
Cues From Last Session:
Caution reigned the markets on the first day of the week, with the S&amp;P 500 and Dow Jones both ending the day in the negative, while the Nasdaq Composite registered gains.
AI stocks led the surge, with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) closing at a new all-time high. The positive sentiment rubbed off on rivals, too, with Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) emerging as some of the top gainers.
The Dow Jones Industrial Average and the S&amp;P 500 Index jumped to fresh highs in intraday trading on Friday.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.27%</td>
<td>18,540.01</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.18%</td>
<td>5,853.98</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.80%</td>
<td>42,931.60</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.60%</td>
<td>2,239.71</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Investors remained anxious about the prospect of future rate cuts amid comments from Federal Reserve officials urging for a cautious approach. Kansas City Fed President Jeff Schmid spoke in favor of moderation, saying "A cautious and deliberate course of action seems appropriate."
On the other hand, San Francisco Federal Reserve President Mary Daly said there is no reason for the Fed to hold rates steady. "I haven't seen any information that would suggest we wouldn't continue to reduce the interest rate," Daly <a href="https://www.wsj.com/livecoverage/stock-market-today-earnings-dow-sp500-nasdaq-live-10-22-2024/card/no-reason-to-pause-rate-cuts-fed-s-daly-tells-wsj-tech-live-jdoqlPmUWzaNiMQCCLSe">told</a> the Wall Street Journal.
Fundstrat Head of Research&nbsp;Tom Lee <a href="https://www.cnbc.com/video/2024/10/21/market-still-in-buy-the-dip-mode-says-fundstrats-tom-lee.html">told</a> CNBC in an interview that he expects companies in the S&amp;P 500 index to post a revenue growth of 5% this quarter.
"It is a really high-quality earnings season so far. It's a good beat season, but it's early," he said.
"Stocks which have been strong are really still a ‘buy the dip' market."
Going ahead, Lee says to watch out for industrial stocks, after a week of financial stocks having posted better-than-expected earnings.
See Also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data
The economic calendar for Tuesday is light, with only one major speech scheduled so far.
<ul>
<li>Philadelphia Fed President Patrick Harker is scheduled to speak at 10 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) shares surged nearly 3% in premarket trading on Tuesday after the company reported better-than-expected earnings and raised its profit forecast for the third time this year.</li>
<li>Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) shares rose over 1% in premarket trading ahead of the company's third-quarter earnings.</li>
<li>Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhone 16 witnessed price cuts in China on online platforms as part of Singles' Day promotions.</li>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock has seen an increase in price targets due to bullish demand for artificial intelligence. Bank of America raised its price target for Nvidia from $165 to $190, while investment research firm CFRA raised its target to $160.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures edged up in the early New York session, rising nearly 1.10% as China cut key lending rates to boost its economy.
The 10-year Treasury note yield rose marginally to 4.208%.
Asian markets were mixed on Tuesday, with Chinese markets edging lower amid economic growth concerns.
European stocks showed tentativeness and were mostly lower in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41445510/tesla-shareholders-demand-answers-from-elon-musk-on-growing-list-of-promises-ahead-of-q3-earning">Tesla Shareholders Demand Answers From Elon Musk On Growing List Of Promises Ahead Of Q3 Earnings: From Affordable Models To FSD Rollout And Next-Generation Roadster</a></li>
</ul>
Photo courtesy: Shutterstock

Futures

Previews

Economics

Federal Reserve

Pre-Market Outlook

SMCI

US Stocks Remains On Edge Ahead Of Flurry Of Earnings From Lockheed Martin, GM And Others: This Is Still A 'Buy The Dip' Market, Says Expert

As the tech world navigates 2024, JPMorgan analyst Harlan Sur has one clear message for stock investors: <a href="https://www.benzinga.com/topic/semiconductors">semiconductors are back</a> in the driver's seat.
After semiconductor fundamentals bottomed in 2023, the sector is poised for a cyclical upturn, with Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) leading the charge.
<h2 class="wp-block-heading">&#8216;We're At The Cusp Of A Semiconductor Up-Cycle&#8216;</h2>
Sur isn't mincing words when it comes to what he sees on the horizon. &#8220;At this point, we believe we are at the cusp of a semiconductor up-cycle (approximately four to six quarters of positive Y/Y growth),&#8221; the analyst said.
He predicts industry revenue will begin to show year-over-year growth by the end of 2024, a trend he expects to persist well into 2025.
Broadcom and Marvell are positioned to ride the next wave of semiconductor growth thanks to their &#8220;strong exposure to strategic infrastructure dynamics. &#8221; These stocks are set to benefit from increasing demand for cloud infrastructure and custom ASIC chips—vital for cloud giants like Amazon and Google.
<h2 class="wp-block-heading">Broadcom, Marvell: Positioned For Cloud Domination</h2>
Broadcom has already flexed its muscles in the networking and wireless chip space, while Marvell has dug deep into custom chips for data centers and networking, giving it an edge in the growing AI market. 
According to Sur, &#8220;Cloud AI [is] strong,&#8221; and both companies are primed to capitalize on that strength. Investors should keep their eyes on the cloud and AI tailwinds driving these two semiconductor giants forward.
<h2 class="wp-block-heading">Clearing The Deck: Excess Inventory Is History</h2>
Another key factor behind Sur&#8217;s optimism is the clearing out of excess semiconductor inventory across various markets. As he noted, &#8220;excess customer chip inventories across markets continue to improve,&#8221; which sets the stage for positive earnings revisions moving into 2025.
This is good news for Broadcom and Marvell. With inventory overhangs diminishing and demand in data centers surging, these companies could be looking at robust earnings growth next year. As Sur points out, semiconductor stocks have already proven their resilience, with the SOX index up 65% in 2023 compared to the S&amp;P 500's 24% gain.
Read Also: <a href="https://www.benzinga.com/trading-ideas/technicals/24/10/41355837/intel-vs-micron-technology-which-chipmaker-holds-the-edge">Intel Vs. Micron Technology: Which Chipmaker Holds The Edge?</a>
<h2 class="wp-block-heading">M&amp;A Momentum To Keep Rolling</h2>
Sur also highlights a quieter but equally significant trend: consolidation in the semiconductor industry. With strong deal activity in 2024, he expects M&amp;A to continue supporting stock valuations.
&#8220;We continue to see strong M&amp;A activity,&#8221; Sur stated, noting that smaller companies could get snapped up by larger players looking to expand their scale and competitive edge.
<h2 class="wp-block-heading">The Final Chip: Sur's Top Picks</h2>
As 2024 enters its final months, Sur remains bullish on the semiconductor space, particularly for companies with strong exposure to AI and cloud infrastructure. Broadcom and Marvell sit at the top of his list, perfectly positioned to capitalize on the sector&#8217;s resurgence. For investors looking for growth, these stocks are ones to watch.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/technicals/24/10/41383732/stock-of-the-day-taiwan-semiconductor-breaks-out-as-buyers-push-prices-higher">Stock Of The Day: Taiwan Semiconductor Breaks Out As Buyers Push Prices Higher</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Broadcom, Marvell Set To Lead In 2025 As Sector Is 'At The Cusp Of A Semiconductor Up-Cycle,' Says Analyst

Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) has outperformed the market over the past 10 years by 8.7% on an annualized basis producing an average annual return of 20.4%. Currently, Marvell Tech has a market capitalization of $70.33 billion. 
Buying $1000 In MRVL: If an investor had bought $1000 of MRVL stock 10 years ago, it would be worth $6,367.84 today based on a price of $81.19 for MRVL at the time of writing.
<h3>Marvell Tech's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729190021_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $6,400 Today

Shares of Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) surged 4% during Thursday&#8217;s pre-market session in sympathy with Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), but have since leveled off and are trading slightly higher.
TSMC&#8217;s impressive <a href="https://www.benzinga.com/markets/equities/24/10/41377745/tsmc-on-cusp-of-topping-1-trillion-valuation-as-stock-jumps-8-in-premarket-whats-going-on">quarterly earnings report</a> highlighted a 39% year-over-year revenue increase driven by strong demand for advanced chips used in smartphones and artificial intelligence (AI).
What Happened: As TSMC&#8217;s revenue for the quarter exceeded both its <a href="https://www.benzinga.com/quote/TSM/earnings">own guidance and Wall Street expectations</a>, the broader market sentiment has shifted positively for semiconductor companies with exposure to high-performance chip technologies
Marvell, known for its leadership in data infrastructure semiconductor solutions, stands to benefit from the same tailwinds that have propelled TSMC. With a focus on AI, cloud computing, 5G, and data center markets, Marvell&#8217;s position in the supply chain makes it a key player in the industry, particularly as demand for cutting-edge chips continues to accelerate.
Read Also: <a href="https://www.benzinga.com/news/24/10/41379867/european-central-bank-lowers-interest-rates-again-first-back-to-back-cuts-in-13-years">European Central Bank Lowers Interest Rates Again, First Back-To-Back Cuts In 13 Years</a>
TSMC&#8217;s report emphasized the rapid growth in demand for 3-nanometer and 5-nanometer node technologies, which are critical for high-performance applications like AI and data processing. This directly aligns with Marvell&#8217;s product offerings, especially in custom-designed chips for data centers and AI applications. 
What Else: Marvell has been expanding its portfolio to cater to the increasing needs of cloud service providers and telecommunications companies, which require more powerful, energy-efficient processors. The spillover effect from TSMC&#8217;s strong results, particularly in AI-driven markets, may lead investors to reassess Marvell&#8217;s growth potential in these areas.
Additionally, TSMC's strong guidance for the fourth quarter signals sustained demand in advanced chip manufacturing, providing further confidence that Marvell&#8217;s growth trajectory could benefit from a robust semiconductor cycle.
Read Also: <a href="https://www.benzinga.com/news/retail-sales/24/10/41379775/september-retail-sales-exceed-estimates-jobless-claims-fall-more-than-expected">September Retail Sales Exceed Estimates, Jobless Claims Fall More Than Expected</a>
<h2 class="wp-block-heading">Is MRVL A Good Stock To Buy?</h2>
When deciding whether to buy a stock, there are some key fundamentals investors may want to consider. One of these factors is revenue growth. Buying a stock is essentially a bet that the business will continue to grow and generate profits in the future.
Marvell Tech has reported average annual revenue growth of 19.71% over the past 5 years. Looking forward, the company most recently said it expects FY24 revenues of $5.54B.
It's also important to pay attention to valuation when deciding whether to buy a stock. Marvell Tech has a forward P/E ratio of 33.0. This means investors are paying $33.0 for each dollar of expected earnings in the future. The average forward P/E ratio of Marvell Tech's peers is 32.71.
Other important metrics to look at include a company's profitability, balance sheet, performance relative to a benchmark index and valuation compared to peers. For in-depth analysis tools and important financial data, check out <a href="https://pro.benzinga.com">Benzinga PRO</a>.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, MRVL has a 52-week high of $85.76 and a 52-week low of $46.07.

What's Going On With Marvell Technology (MRVL) Stock?

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSMC#NYSE">TSMC</a>) is seen singularly lifting the semiconductor space <a href="https://www.benzinga.com/premarket">in premarket trading </a>on Thursday. 
The Catalyst: Hsinchu, Taiwan-based <a href="https://www.benzinga.com/news/earnings/24/10/41373163/nvidia-supplier-tsmc-reports-q3-revenue-earnings-beat-amid-rising-demand-for-ai-chips">TSMC reported third-quarter revenues and earnings per share </a>that exceeded consensus estimates, citing strong smartphone and AI-related demand for its more advanced 3nm and 5nm technologies.
The relatively higher share of more advanced processor node technologies gave margins a big boost, with gross, operating, and net margins all exceeding prior-year periods.
The foundry supplies chips to most global corporations including Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
The company&#8217;s earnings and earnings per share both jumped 54% year-over-year, growing faster than the top line, which climbed 39%.
More importantly, TSMC guided fourth-quarter revenue to $26.1 billion to $26.9 billion, well above the $24.86 billion consensus estimate.
TSMC&#8217;s stellar quarterly results should quell the anxiety of investors, who were increasingly becoming skittish about a potential AI bubble burst.
See Also: <a href="https://www.benzinga.com/money/best-semiconductor-stocks">Best Semiconductor Stocks</a>
Stock Moves: Nvidia, whose advanced chips, power most of AI applications and processes, jumped 2.56% to $139.19, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
The Jensen Huang-led company is on the cusp of topping Apple as the world&#8217;s most-valued company, with merely a differential of $195 billion in market cap between the companies. A $8 gain by Nvidia could help accomplish the feat, provided Apple remains flat or retreats.
Among the other movers are:
<ul>
<li>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) rose 2.93% to $160.70.</li>
<li>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) added 2.17% to $111.61.</li>
<li>Arm Holdings Plc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) jumped 3.90% to $158.45.</li>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) moved up 2.23% to $180.76.</li>
<li>Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) rose 1.62% to $174.25.</li>
<li>Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) gained 2.23% to $83.50.</li>
<li>iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) climbed 2.33% to $232.65.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41351475/after-asml-rocks-ai-hardware-names-gene-munster-explains-why-its-overreaction-ai-tr">After ASML Rocks AI Hardware Names, Gene Munster Explains Why It&#8217;s &#8216;Overreaction:&#8217; &#8216;AI Trade Is On Track&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

TSMC

Why Nvidia, AMD, Micron, Arm And Other Chipmakers Are Ripping Higher Premarket On Thursday

Dutch semiconductor equipment maker ASML Holdings N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) saw its shares plunge over 16% on Tuesday after its third-quarter earnings report was accidentally released a <a href="https://www.benzinga.com/markets/equities/24/10/41339229/asml-earnings-leak-sparks-broad-semiconductor-sell-off-sector-down-sharply-as-dutch-chipmaker-lo">day ahead of schedule. </a>
The company shocked the market by cutting its 2025 sales forecast, significantly lowering expectations for growth. This led to a rapid selloff as investors digested the implications of slower demand in key markets.
On Wednesday, shares of ASML extended losses, declining by 5% at 10 a.m. in New York.
Here's a breakdown of what Goldman Sachs and Bank of America analysts have to say about the report and ASML&#8217;s outlook.
<h3 class="wp-block-heading">Revised Sales Guidance Sends Shockwaves</h3>
ASML's third-quarter report revealed that its 2025 net sales are now expected to fall within the range of 30 billion euros to 35 billion euros ($32.7 billion to $38.2 billion).
This represents a cut from previous guidance of 30 billion euros to 40 billion euros. The reduction is largely due to weaker-than-expected demand for ASML&#8217;s Extreme Ultraviolet (EUV) lithography machines, crucial for advanced chip production.
<h2 class="wp-block-heading">Goldman Sachs: Delays In EUV Demand Impact 2025 Outlook</h2>
Gross margin estimates were also downgraded, now projected at 51% to 53%, compared to the prior 54% to 56%.
Goldman Sachs analyst Alexander Duval said that while ASML's third-quarter revenues were above the midpoint of its previous guidance, the 2025 sales revision highlights persistent challenges in the broader semiconductor market.
The company's lowered forecast reflects slower-than-anticipated recovery in several key segments, the analyst said. 
ASML now expects to ship fewer than 50 low Numerical Aperture (NA) EUV systems in 2025, a number that reflects weaker-than-anticipated demand, he said. 
&#8220;We expect investors to seek more color on 2026 dynamics given a degree of pushouts from 2025,&#8221; Duval said. The updated forecast implies a potential 10% reduction in revenue expectations and a 20% decline in earning before interest (EBIT) compared to prior consensus estimates for 2025, the analyst said. 
<h3 class="wp-block-heading">Bank Of America: Multiple Headwinds Weigh On ASML</h3>
Bank of America's Vivek Arya named three key factors contributing to ASML's downward revision. First, global reshoring efforts and Intel's delayed foundry expansion plans have weighed heavily on demand, the analyst said.
"The recent capex cut and delay at Intel suggests that reshoring efforts may not be as successful as initially hoped,&#8221; he said. 
Secondly, Arya said China likely pulled forward its equipment purchases over the last two years in anticipation of increasing geopolitical tensions and potential export restrictions. This has left a demand gap in the region, which could extend into 2025.
Finally, Arya highlighted a growing divergence between AI-related semiconductor demand in compute, networking and high-bandwidth memory (HBM) and non-AI-related markets, such as PCs, smartphones and automotive semiconductors, with the latter facing prolonged weakness.
Despite the revised 2025 sales guidance, Arya said Bank of America's preference for AI-related semiconductor companies remains strong.
&#8220;Our top picks continue to be NVIDIA Corp. (NVDA), Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), and Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), as their strong secular growth outlooks are generally unimpacted by today's print.&#8221;
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41356469/mortgage-demand-sees-sharpest-weekly-drop-since-april-2020-as-rates-climb-above-6">Mortgage Demand Sees Sharpest Weekly Drop Since April 2020 As Rates Climb Above 6.5%</a></li>
</ul>
Photo courtesy of ASML.

ASML Stock Plunges Further On Lower 2025 Sales Outlook: Analysts Break Down Semiconductor Challenges

Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) showcased its cutting-edge 3nm PCIe Gen 7 connectivity at the OCP Global Summit, held from October 15 to 17 at the San Jose Convention Center.
The new PCIe Gen 7 doubles data transfer speeds compared to previous generations, enabling more efficient scaling of compute fabrics inside AI-driven server platforms, CXL systems, and general-purpose servers.
By building on its widely adopted PAM4 technology and utilizing its accelerated infrastructure silicon platform, Marvell has created a comprehensive interconnect portfolio that addresses high-bandwidth optical and copper connections in AI data centers.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/10/41127863/despite-nvidia-selloff-bidens-law-and-taiwan-semis-advantage-offer-growth-potential" rel="noreferrer noopener">Despite Nvidia Selloff, Biden's Law and Taiwan Semi's Advantage Offer Growth Potential</a>
The introduction of PCIe Gen 7—building on the PCIe Gen 6 timer announcement—expands Marvell's optical and copper interconnect portfolio beyond Ethernet into PCIe, CXL, and proprietary compute fabric links, facilitating high-performance AI clusters and next-generation server systems.
With 3nm fabrication technology, Marvell's PCIe Gen 7 SerDes offers lower power consumption while maintaining performance, making it a key player in powering next-generation AI superclusters and hyperscale data centers.
Also this week, Marvell <a target="_blank" href="https://benzinga.com/markets/equities/24/10/41315171/why-is-marvell-technology-stock-gaining-today" rel="noreferrer noopener">disclosed that it is developing a</a> custom 5nm network controller FBNIC in partnership with Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), which will boost data center performance.
However, KeyBanc&nbsp;analyst John Vinh <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41235547/nvidia-amd-lead-the-pack-broadcom-stable-intel-falters-analysts-latest-take" rel="noreferrer noopener">recently flagged Marvell's</a> vulnerability to market share loss from the next-generation Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) AWS Trainium 3 loss to Alchip, Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google's second-generation Axion ARM CPU, and Nvidia Corp's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) development of its 1.6T optical DSP based on his&nbsp;findings from Asia.
Marvell stock surged 50% in the last 12 months. Investors can gain exposure to the stock through iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) and VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>).
<h2 class="wp-block-heading">Marvell Stock Prediction For 2024</h2>
When buying a stock for a longer time horizon, it is important for investors to assess where they think the stock is headed in the future.
When mapping a stock's future trajectory, investors should consider factors including the future earnings expectations and expected performance against a benchmark.
Marvell Tech's revenue has grown at an average rate of 19.71% annually over the past 5 years. The average 1-year price target from analysts is $95.57, representing an expected 19.75% upside in 2025.
While past performance is not a guarantee of future results, investors should also look at a stock's historical performance when compared to both a benchmark index and the company's peers. Shares of Marvell Tech have seen an annualized return of 6.23%, underperforming the S&amp;P500 index by 3.2%. This compares to 26.74% growth in the overall Information Technology sector. Marvell Tech has a beta of 1.16.
Price Action: MRVL stock is up 2.45% at $75.98 at the last check Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/government/24/09/41093269/whats-going-on-with-chip-stocks-like-nvidia-taiwan-semi-and-amd-on-monday" target="_blank" rel="noreferrer noopener">Semiconductor Giants, Led by Nvidia, Fall as China Backs Local AI Chipmakers</a></li>
</ul>
Photo via Shutterstock

GOOG

Marvell Showcases Next-Gen 3nm Technology, Doubling Data Speeds for AI Systems

Marvell Technology shares are trading higher after the company disclosed the development of the FBNIC network interface controller. Citigroup maintained a Buy rating on the stock.

Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) shares are trading higher on Monday. The company disclosed the development of the FBNIC, a custom 5nm network interface controller (NIC) ASIC created in partnership with Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) to address <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41312380/marvell-delivers-custom-ethernet-network-interface-controller-solution-at-open-compute-project" rel="noreferrer noopener">the company&#8217;s infrastructure needs</a>.
Marvell will also contribute the FBNIC board design to the Open Compute Project (OCP) community.
The FBNIC integrates a custom network controller from Marvell with a co-designed board and Meta&#8217;s ASIC, firmware, and software.
This specialized design boosts capabilities, optimizes performance, enhances efficiency, and reduces the time needed to resolve network and server issues.
Raghib Hussain, President of Products and Technologies at Marvell, said, &#8220;The future of large-scale, data center computing will increasingly revolve around optimizing semiconductors and other components for specific applications and cloud infrastructure architectures.&#8221;
&#8220;It&#8217;s been exciting to partner with Meta on developing their custom FBNIC on our industry-leading 5nm accelerated infrastructure silicon platform. We look forward to the OCP community leveraging the board design for future innovations.&#8221;
Marvell also announced that it will showcase next-generation silicon technologies, including PAM4 DSPs, PCIe retimers, Ethernet network switches, and Compute Express Link (CXL) devices at the <a href="https://www.benzinga.com//node/41312192" target="_blank" rel="noreferrer noopener">2024 OCP Global Summit, October 15-17, in San Jose, California</a>.
Investors can gain exposure to the stock via&nbsp;Spear Alpha ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRX#NASDAQ">SPRX</a>) and iShares U.S. Digital Infrastructure and Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDGT#NYSE">IDGT</a>)
Price Action: MRVL shares are up 3.85% at $76.86 at the last check Monday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41306527/apples-low-cost-vision-pro-could-hit-the-shelves-next-year-everything-you-need-to-know-about-iphone" target="_blank" rel="noreferrer noopener">Apple&#8217;s Low-Cost Vision Pro Could Hit The Shelves Next Year — Everything You Need To Know About iPhone Maker&#8217;s Plan To Challenge Meta</a></li>
</ul>

Large Cap

iShares U.S. Digital Infrastructure and Real Estate ETF

IDGT

SPRX

Why Is Marvell Technology Stock Gaining Today?

Baron Opportunity Fund Q3 2024 Shareholder Letter

Bearish flow noted in Marvell (MRVL) with 38,504 puts trading, or 3x expected. Most active are 11/1 weekly 60 puts and 11/29 weekly 68 puts, with t...

Marvell put volume heavy and directionally bearish

AMD just reported Q3 earnings. Here's why the stock is falling. (update)

AMD's results were solid. Why Wall Street wanted more.

Intel's results were better than feared. Wall Street says it's not out of the woods yet.

Unusual total active option classes on open include: Globalstar (GSAT), American Tower (AMT), Wayfair (W), Chevron (CVX), Reddit Inc (RDDT), Transo...

Unusually active option classes on open November 1st

U.S. House Speaker Mike Johnson said Friday that the Republicans "probably will" try to repeal the CHIPS Act, but then walked it back, saying the G...

House Speaker Johnson says GOP may try to repeal CHIPS Act, AP reports

CDT Insider Sentiment October 2024: Fasten Your Seatbelt

Networking The AI Data Center Autobahn

Evercore ISI raised the firm's price target on Astera Labs (ALAB) to $110 from $80 and keeps an Outperform rating on the shares. Following "another...

Astera Labs price target raised to $110 from $80 at Evercore ISI

ACLX

AFMC

ALAB

ANET

ARGNF

ARGX

ARKK

ASMLF

BBMC

BCAP

BFOR

BHVN

BKMC

BMVP

BOUT

BROE

CDNS

CHRD

COHR

CRWD

CSCO

CWEN

DDIV

DDOG

DEUS

DUOL

DVLU

EQAL

ETHO

FFSM

FFTY

FLQM

FOVL

FRTY

FSCS

FSMD

FTDS

GDHLF

GRPM

GSAT

GTLB

GWRE

HAIL

HLGE

HOMZ

HUBS

IMCB

IMCG

IMCV

INDI

IVOG

IVOO

IVOV

JHMM

JPME

JSMD

KOMP

LITE

LSAT

LUMN

MBLY

MDYG

MDYV

MIDE

NUMG

NUMV

ONEO

ONEV

ONEY

ORCL

PAMC

PEXL

PINS

PTMC

QMOM

QQQJ

QVAL

QVMM

RDDT

REGL

RSPT

Comments

Marvell Tech

Marvell Tech (MRVL) 옵션

Marvell Tech (NASDAQ:MRVL) 주식, 옵션 체인

뉴스

파트너 / 기고자

벤징가 글로벌