🟢 MRVL is trading 4.3% up today as Wells Fargo raises price target on AI optimism

MRVL is trading 4.3% up at $194.78 in pre-market after Wells Fargo raised its price target to $195 on AI-driven optimism.

• The move extends a sharp two-day rally from $176.27 to $186.80, fueled by fresh optimism surrounding Marvell’s AI and data-center positioning.
• Shares recently hit an all-time high, with the current gains suggesting a company-specific re-rating as broader index futures trade slightly lower.