$Marvell Technology(MRVL)$ The one-year target price implies a 25 percent return. Despite that healthy checkup, the rating still comes in as overweight. Looking into it more, GlobalFoundries seems to run against the fears being presented, while the payoff from Google's position is still a ways out. I'm not an expert, but companies with growing earned equity should generally move higher. I think NVDA even mentioned this could become a trillion-dollar company.
$Marvell Technology(MRVL)$ The next level I'm watching is 254.60. A move above that would end the post-earnings correction and start a technical Wave 5 move up.
$GLOBALFOUNDRIES Inc.(GFS)$ $Marvell Technology(MRVL)$ GlobalFoundries and Marvell Technology announced an expanded multi-year agreement to increase capacity for GF's silicon germanium technology at its Burlington, Vermont facility, aimed at supporting growing demand for next-generation optical connectivity. The expanded collaboration will add capacity for SiGe technology used in next-generation pluggable optical transceivers, near-packaged optics, and co-packaged optics. The agreement builds on existing production and is expected to add significant capacity to support Marvell's growing requirements.
$Marvell Technology(MRVL)$ NBIS is ripping, and this will likely carry into premarket. It will probably dump at the open or close, because that's just how it tends to go.
$Marvell Technology(MRVL)$ To the bears saying they shorted at $230, the c-suite insiders have all been buying, around a billion dollars worth of stock. This does not seem like the time to sell. If anything, I would be adding to my position.