Marvell stock falls on Microsoft-Broadcom talks and Amazon design loss fears

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Go back to Marvell stock falls on Microsoft-Broadcom talks and Amazon design loss fears

JPMorgan: 'We Believe Marvell’s Multi- Generational AI XPU ASIC Programs/Partnerships At Microsoft And Amazon Remain Solidly Intact'

December 8, 2025 8:27 AM EST

JPMorgan analyst Harlan Sur reiterated an Overweight rating and $130.00 price target on Marvell (NASDAQ: MRVL).

The analyst comments "We have been researching and highlighting the leadership in the custom chip (ASIC) market for over 10 years and highlighting the leadership of Broadcom (#1 share in leading-edge ASICs) and Marvell (#2 share in leading-edge ASICs) and have successfully called out many of the ASIC program wins (AI and non-AI) for both of these companies. Recently, there has been much noise in the market around Marvells custom AI XPU engagements with its two lead AI XPU customers, Microsoft... More