RBC Raises Marvell's Price Target to $170 Amid Amazon-Anthropic Deal
RBC Capital Markets raised Marvell Technology's stock price target from $115 to $170, citing Amazon's deal with Anthropic as a significant boost for Marvell, a key supplier of custom silicon. The deal involves up to $25 billion in investment and over $100 billion in AWS spending over the next decade, signaling strong demand for AI infrastructure.
Topics: AI infrastructure analyst upgrade M&A stock price target