Melius Research cuts price targets for Nvidia and Marvell Technology
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Melius Research lowered its price targets for Nvidia and Marvell Technology, citing potential shifts in AI hardware market dynamics. The revised targets could affect investor expectations and strategic positioning in the AI chip sector, where both companies are key suppliers of GPUs and custom silicon for data centers. The move comes as analysts reassess the pace of AI infrastructure spending and the competitive landscape among chipmakers. Investors will be watching for updates on data center demand, hyperscaler capital expenditure plans, and upcoming earnings guidance from both companies.
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Melius Research, Nvidia (NVDA), Marvell Technology (MRVL)
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