BlockBeats News, June 3rd, Wall Street investment bank Stifel raised its rating on Marvell Technology (MRVL) in its latest research report. Analyst Tore Svanberg significantly increased the target price from $230 to $321, maintaining a Buy rating.

The analyst stated that Marvell CEO Matt Murphy's keynote speech "The Future of AI Depends on Connectivity" at COMPUTEX 2026 "essentially aligns with previously disclosed information," but this high-profile event has significantly enhanced market recognition of Marvell's position in the data center and AI ecosystem.

The analyst emphasized Marvell's leading layout in AI data center optical interconnect, silicon photonics, custom silicon (XPU), and switches (such as the 102.4 Tbps Teralynx T100), which are exactly the "biggest bottleneck after computing power in the GPU scale-up era." The deep collaboration with NVIDIA on NVLink Fusion (NVIDIA previously made a strategic investment of $2 billion) has further amplified Marvell's long-term growth story as a strong validation.