Marvell Technology Group is trading 5.46% up at $241.80 as semiconductor stocks rebound and the Nasdaq strengthens.
- The move follows recent volatility ahead of the company’s August 27 earnings report.
- Wells Fargo raised its price target to $310 from $240 on August 24.
- Marvell’s longer-term backdrop remains supportive after its Google custom-AI-chip agreement, which includes warrants for up to 58.97 million shares.