Marvell Technology (MRVL) shares jumped 9% to $290.63 on Monday, after President Trump announced a diplomatic agreement with Iran that pushed crude oil prices lower and revived investor appetite for growth‑oriented technology stocks. The surge lifted the Nasdaq composite by 2.68%, and investors also noted the broader impact on blockchain and crypto‑related infrastructure demand.
Analyst Targets
B. Riley Securities raised its price objective for MRVL to $345 on June 12 while keeping a Buy recommendation, citing the company’s expanding partnership with Nvidia and its role in AI‑driven data centers. Rosenblatt maintained a Buy stance with a $240 target