Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTGhazal AhmedMon, June 8, 2026 at 2:50 PM GMT+2 2 min readMarvell Technology, Inc. (NASDAQ:MRVL) is one of the14 AI Stocks Making Headlines on Wall Street: Qualcomm, Microsoft, and More.Marvell’s infrastructure story is gaining fresh support on Wall Street. On June 2, Stifel analyst Tore Svanberg raised the price target on Marvell (NASDAQ: MRVL) to $321.00 (from $230.00) while maintaining a Buy rating.Stifel analysts described Marvell Technology Chairman and CEO Matt Murphy’s COMPUTEX 2026 keynote as a reaffirmation of its long-held thesis on Marvell. The keynote, titled “The Future of AI Scaling Depends on Connectivity,” reaffirms Marvell’s investment thesis particularly as AI demand continues to accelerate the need for advanced connectivity solutions across data centers.LyondellBasell (LYB) Finalizes Divestiture of Select European Assets to AEQUITA as Part of Strategic Portfolio 6. Refinementphoto by Business-laptop-campaign-creators on UnsplashAnalysts noted how the keynote aligns with the financial trajectory management outlined during its F1Q27 earnings call. As connectivity becomes increasingly critical for scaling AI workloads, Marvell seems to be well-positioned within the data center and AI supercycle.Given what we view as the market’s increased acceptance of MRVL’s positioning within the DC/AI supercycle, we reiterate our Buy rating with a raised 12-month Target Price of $321 (from $230), representing a 55.0x CY27E P/E multiple.Marvell Technology, Inc. (NASDAQ:MRVL) develops and manufactures semiconductors, with a heavy focus on data centers.While we acknowledge the potential of MRVL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info