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MRVL surges 8.2% after AMD equity stake and dual analyst target raises
- Marvell Technology closed at $177.95 on May 13 — up 8.2% on the day — after AMD took an equity stake and both BofA and Goldman Sachs raised their price targets
- The stock is up more than 100% in 2026 and sits 196% above its 52-week low of $60.11; 36 of 43 analysts rate it Buy or Strong Buy with zero Sell ratings
- The AMD investment signals deepening AI chip partnerships with hyperscalers including Amazon and Microsoft, adding a structural demand story to near-term price momentum
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Conclusion
daily_prices: MRVL closed $177.95 on 2026-05-13, up 8.2% on the day, 52w low $60.11 (+196%); 52w high $182.31 (reached on subsequent trading days), volume 31.5M. recommendations: 36 Buy/Strong Buy, 6 Hold, 1 Sell (2026-05-14). news: AMD disclosed 65,516-share equity stake via SEC filing on May 12, 2026; BofA raised price target to $200 from $125; Goldman Sachs raised target to $125 from $100, both citing AI data center growth and networking opportunities.