AMD's Marvell stake jumps amid AI sector momentum

MSN
2026.05.18 03:15
portai
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AMD's $6.5 million stake in Marvell, purchased in March, has surged to over $10 million amid AI sector growth. Marvell's technology is crucial for AI infrastructure. Bank of America raised Marvell's price target to $200 due to increased demand for AI networking, while Goldman Sachs maintains a neutral stance.