Barclays Downgrades Marvell (MRVL) as AI Chip Market Leans Toward Broadcom
Marvell Technology, Inc. (NASDAQ:MRVL) is one of the Trending AI Stocks on Wall Street’s Radar. On October 20, Barclays analyst Tom O’Malley downgraded the stock from "Overweight" to "Equalweight" with a price target of $80.00. The firm has expressed concerns over visibility for 2025 DC targets and the shift in AI share toward Broadcom. According to the firm, the application-specific integrated circuits story into 2026 “is less robust than initially expected.” The company’s optics growth should remain str ...
