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Marvell Tech

Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.

Marvell Technology

Marvell Technology Group

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MRVL

Descubre qué gigante de los semiconductores está ganando en la batalla tecnológica: Broadcom, Micron o Marvell. Análisis de tendencias clave.

Guerra de semiconductores: Broadcom (AVGO) Vs. Micron (MU) Vs. Marvell (MRVL)

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NVDA

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Nvidia y otros chips caen antes de la apertura del martes, influenciados por la aversión al riesgo y tensiones geopolíticas.

Nvidia y TSMC lideran la caída de las acciones de chips: ¿Qué está sucediendo?

Marvell Technology Inc

WIIM

FSLR

LSCC

MCHP

MPWR

MTSI

OLED

QCOM

QRVO

SWKS

Shares of semiconductor companies are trading lower. The sector may be moving amid continued weakness after the U.S. ordered Taiwan Semiconductor Manufacturing to halt shipments of advanced chips to Chinese customers earlier this week.

Analyst Blayne Curtis highlighted that Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Marvell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), and Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) are strategically positioned to capitalize on the AI chip market surge. Curtis has assigned Buy ratings to each of these companies.
Jensen Huang-led Nvidia is experiencing extraordinary demand that surpasses its rapidly growing capacity, Curtis noted. Major tech firms are increasing their investments in GPUs and internal ASIC programs, he added. Despite this, Nvidia is expected to maintain its dominant market share, with room for ASICs to expand, Barron&#8217;s <a href="https://www.barrons.com/amp/articles/nvidia-stock-price-marvell-broadcom-459e9f0b">reported</a> on Tuesday.
Curtis projects the AI accelerator market to expand by 58% annually, growing from $47 billion in 2023 to $287 billion by 2027. He sees no slowdown in capital expenditure from tech giants like Microsoft, Alphabet, and Meta.
See Also: <a href="https://www.benzinga.com/24/11/41890968/bitcoin-kisses-89500-ethereum-dogecoin-extend-trump-victory-rally-how-long-before-btc-hits-100000-analysts-reveal?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Hovers Around $90K, Ethereum, Dogecoin Extend Trump Victory Rally: How Long Before BTC Hits $100,000? Analysts Reveal</a>
Marvell and Nvidia are expected to see the most immediate gains, with Broadcom likely to outperform later in 2025. Currently, Broadcom&#8217;s AI chip business is largely driven by Google by Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), but Curtis anticipates broader adoption in the coming years. Rep. Nancy Pelosi&nbsp;(D-Calif.) also disclosed in late June the&nbsp;<a href="https://www.benzinga.com/etfs/specialty-etfs/24/07/39618512/nancy-pelosi-loads-up-on-more-nvidia-shares-sells-tesla-she-always-reports-right-before-a-hol" target="_blank" rel="noreferrer noopener">purchase of 20 call options in Broadcom.</a>
Price Action: At the time of writing on Tuesday, Nvidia was down by 1.09%, Marvell was trading 0.90% lower while Broadcom was down by 0.067%, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41867380/anthony-scaramucci-sued-by-ftx-says-bankman-fried-made-investments-in-skybridge-endeavors-that-conveyed-little-to-benefit?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Sued By FTX, Says Bankman-Fried Made Investments In SkyBridge Endeavors That &#8216;Conveyed&nbsp;Little To No Benefit&#8217;</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Analyst Color

General

GOOG

GOOGL

Nancy Pelosi's Stock Picks Broadcom And Nvidia Among Key AI Stocks Poised For Chip Boom, Says Analyst

Loop Capital analyst Gary Mobley initiates coverage on Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) with a Hold rating and announces Price Target of $95.

Price Target

Initiation

Analyst Ratings

Loop Capital Initiates Coverage On Marvell Tech with Hold Rating, Announces Price Target of $95

CRDO

Semiconductor stocks are trading lower possibly amid sympathy with Taiwan Semiconductor Manufacturing. Reports suggested that the US requested that the company halt shipments to China.

Chip stocks including Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) Credo Technology Group Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>), Lattice Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>), Microchip Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), MACOM Technology Solutions Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTSI#NASDAQ">MTSI</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Qorvo, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>), United Microelectronics Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) are trading lower Monday in sympathy with contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
Taiwan Semiconductor stock took a hit after the U.S. Department of Commerce <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/24/11/41883357/taiwan-semiconductor-stock-drops-as-us-orders-halt-on-ai-chip-sales-to-china" rel="noreferrer noopener">instructed the chipmaker</a> to cease supplying China with sophisticated chips—of 7 nanometers or more advanced designs—that support AI and graphics processing capabilities.
The U.S. move sent jitters across the sector, anticipating further actions from President-elect Donald Trump&#8217;s administration, which had previously attacked the <a target="_blank" href="https://www.benzinga.com/government/regulations/24/11/41845483/taiwan-semiconductor-us-expansion-plans-unfazed-by-trump-win-report" rel="noreferrer noopener">U.S. Chips Act and Taiwan</a>, the hometown of Taiwan Semiconductor.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41877454/monday-com-stock-tanks-despite-q3-beat-raised-outlook" rel="noreferrer noopener">Monday.com Stock Tanks Despite Q3 Beat, Raised Outlook</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/11111544/newplot-6.png" alt="" class="wp-image-640861" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/11111544/newplot-6.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/11111544/newplot-6-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Taiwan Semiconductor is a crucial supplier to tech giants like&nbsp;Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and&nbsp;Nvidia.
The semiconductor stocks also got a hit from Edgewater Research analysts, flagging Monolithic Power Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>), which faced a significant setback and sent its stock plunging on Monday.
The analysts noted Monolithic&#8217;s allocation to Nvidia&#8217;s Blackwell GPUs is in jeopardy due to performance problems with its Power Management ICs.
The analysts highlighted that Japanese company Renesas and German firm Infineon have stepped in, receiving rush orders, potentially replacing Monolithic in Nvidia&#8217;s B200 and GB200 SKUs.
Edgewater expressed concern that supply chain partners perceived Monolithic&#8217;s temporary solution as a stopgap measure rather than a complete fix.
Investors can gain exposure to semiconductor stocks through VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Action: At the last check on Monday, NVDA stock was trading lower by 1.67% to $145.19, INTC was down 4.16%, and ARM was down 4.07%.
Also Read:
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<li><a href="https://www.benzinga.com/news/earnings/24/11/41844770/madison-square-garden-q1-revenue-drops-concerts-impress" target="_blank" rel="noreferrer noopener">Madison Square Garden Q1: Revenue Drops, Concerts Impress</a></li>
</ul>
Photo via Shutterstock

Media

AAPL

Why Are Chip Stocks Trading Lower On Monday?

Investors with a lot of money to spend have taken a bearish stance on Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MRVL, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 22 uncommon options trades for Marvell Tech.
This isn't normal.
The overall sentiment of these big-money traders is split between 36% bullish and 50%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $198,955, and 16 are calls, for a total amount of $820,119.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $35.0 and $110.0 for Marvell Tech, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Marvell Tech options trades today is 1281.68 with a total volume of 2,646.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Marvell Tech's big money trades within a strike price range of $35.0 to $110.0 over the last 30 days.
<h3>Marvell Tech Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731081679_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$9.35</td>
<td>$9.15</td>
<td>$9.15</td>
<td>$100.00</td>
<td>$183.0K</td>
<td>3.3K</td>
<td align="right">200</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$12.45</td>
<td>$12.35</td>
<td>$12.4</td>
<td>$85.00</td>
<td>$94.2K</td>
<td>7.4K</td>
<td align="right">137</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$49.5</td>
<td>$48.9</td>
<td>$49.13</td>
<td>$50.00</td>
<td>$73.7K</td>
<td>155</td>
<td align="right">15</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$9.15</td>
<td>$9.1</td>
<td>$9.15</td>
<td>$100.00</td>
<td>$54.9K</td>
<td>3.3K</td>
<td align="right">261</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$19.5</td>
<td>$19.45</td>
<td>$19.5</td>
<td>$110.00</td>
<td>$46.8K</td>
<td>4</td>
<td align="right">42</td>
</tr>
</tbody>
</table>

<h3>About Marvell Tech</h3>
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.
Having examined the options trading patterns of Marvell Tech, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Marvell Tech's Current Market Status</h3>
<ul>
<li>With a trading volume of 4,749,002, the price of MRVL is up by 2.59%, reaching $92.97.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 25 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Marvell Tech</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $91.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Citigroup persists with their Buy rating on Marvell Tech, maintaining a target price of $91. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Marvell Tech options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Marvell Tech Unusual Options Activity

AMBA

NXPI

SLAB

Shares of companies in the broader semiconductor and chip sector are trading higher amid overall market strength following the US presidential election.

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Analog Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) stocks are trading higher Wednesday after Donald Trump <a href="https://www.benzinga.com/news/large-cap/24/11/41774549/trumps-big-tech-policies-what-gop-victory-means-for-apple-google-microsoft" target="_blank" rel="noreferrer noopener">won the election</a> for the 47th president.
The Biden administration had imposed an artificial intelligence technology embargo on China, restricting the country&#8217;s access to sophisticated AI chips from Nvidia, citing national security threats.
Nvidia maintained a lack of impact from the embargo as the U.S. Big Techs splurged on their AI ambitions.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/11/41739764/taiwan-semiconductor-faces-rising-energy-costs-potential-outages-threaten-production" rel="noreferrer noopener">Taiwan Semiconductor Faces Rising Energy Costs, Potential Outages Threaten Production</a>
Nvidia <a target="_blank" href="https://www.benzinga.com/news/24/11/41751557/nvidia-takes-short-lived-lead-over-apple-in-valuation" rel="noreferrer noopener">recently surpassed Apple</a> in market value as the chip designer&#8217;s rapid growth, driven by AI-focused GPUs, has attracted significant tech investments from Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, and Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) stock is trading lower on Wednesday in anticipation of higher tariffs.
Trump <a target="_blank" href="https://www.benzinga.com/government/24/10/41604100/trump-goes-after-taiwan-semiconductor-on-joe-rogan-podcast" rel="noreferrer noopener">attacked Taiwan twice</a>, claiming that the country undermined the U.S. chip industry.
He also criticized the CHIPS Act and pledged tariffs on Taiwanese chips if elected.
Analysts cautioned that tariffs could disrupt the global chip supply chain. Given the lack of a formal treaty, Trump questioned the U.S.&#8217;s defense stance with Taiwan and criticized federal CHIPS Act funding for foreign firms like Taiwan Semiconductor.
Wedbush Securities analyst Dan Ives projected that the upcoming $1 trillion in AI capital expenditures will <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41151741/nvidias-ai-leadership-to-drive-1-trillion-market-growth-with-accenture-partnership-" rel="noreferrer noopener">add value to Nvidia</a>.
Beth Kindig of I/O Fund predicts that Nvidia&#8217;s Blackwell chips could drive its valuation to <a target="_blank" href="https://www.benzinga.com/news/24/11/41712053/end-of-an-era-ai-propels-nvidia-to-replace-struggling-intel-in-dow-index" rel="noreferrer noopener">$10 trillion next year</a>.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/government/24/11/41726213/applied-materials-and-lam-research-shift-supply-chains-away-from-china-to-meet-new-us-guidelines" target="_blank" rel="noreferrer noopener">Applied Materials and Lam Research Shift Supply Chains Away from China to Meet New US Guidelines</a></li>
</ul>
Photo via Shutterstock

AMZN

MSFT

Chip Stocks Like Nvidia, Broadcom, Taiwan Semi Gain After Trump Win - What's Going On?

Whales with a lot of money to spend have taken a noticeably bearish stance on Marvell Tech.
Looking at options history for Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 61% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $207,135 and 15, calls, for a total amount of $1,072,934.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $120.0 for Marvell Tech during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Marvell Tech options trades today is 3199.64 with a total volume of 5,642.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Marvell Tech's big money trades within a strike price range of $60.0 to $120.0 over the last 30 days.
<h3>Marvell Tech Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730829710_0_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$18.2</td>
<td>$18.05</td>
<td>$18.05</td>
<td>$70.00</td>
<td>$180.5K</td>
<td>1.1K</td>
<td>105</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$18.05</td>
<td>$18.05</td>
<td>$18.05</td>
<td>$70.00</td>
<td>$180.5K</td>
<td>1.1K</td>
<td>205</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$4.85</td>
<td>$4.6</td>
<td>$4.6</td>
<td>$120.00</td>
<td>$120.9K</td>
<td>11</td>
<td>264</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$4.55</td>
<td>$3.55</td>
<td>$3.9</td>
<td>$84.00</td>
<td>$107.2K</td>
<td>1.4K</td>
<td>275</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$0.19</td>
<td>$0.06</td>
<td>$0.06</td>
<td>$60.00</td>
<td>$104.3K</td>
<td>17.3K</td>
<td>2.2K</td>
</tr>
</tbody>
</table>

<h3>About Marvell Tech</h3>
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.
Following our analysis of the options activities associated with Marvell Tech, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Marvell Tech</h3>
<ul>
<li>Currently trading with a volume of 3,848,760, the MRVL's price is up by 1.65%, now at $85.77. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 24 days.</li>
</ul>
<h3>What Analysts Are Saying About Marvell Tech</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $91.0.
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&#x2A; An analyst from Citigroup persists with their Buy rating on Marvell Tech, maintaining a target price of $91. 
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Check Out What Whales Are Doing With MRVL

Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) has outperformed the market over the past 10 years by 9.5% on an annualized basis producing an average annual return of 20.29%. Currently, Marvell Tech has a market capitalization of $72.57 billion. 
Buying $1000 In MRVL: If an investor had bought $1000 of MRVL stock 10 years ago, it would be worth $6,235.08 today based on a price of $83.78 for MRVL at the time of writing.
<h3>Marvell Tech's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730741410_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $6,200 Today

AMAT

ENTG

KLAC

LRCX

Shares of semiconductor stocks are trading lower. The sector may be under pressure following recent earnings from multiple companies in the sector.

ASML

RMBS

SIMO

TSEM

Shares of chip stocks are trading lower. The sector may be under pressure after AMD and Qorvo fell on their respective earnings reports and outlook. Additionally, SMCI may be causing sector uncertainty after its independent auditor resigned.

Chip stocks led by Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) are trading lower Wednesday in sympathy with Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>).
AMD stock maintained its downward trajectory since Tuesday after its <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41612007/amd-q3-earnings-revenue-beat-eps-in-line-data-center-up-122-significant-growth-opportunities-ahead-" rel="noreferrer noopener">quarterly print failed</a> to impress the Street.
AMD reported third-quarter revenue of $6.8 billion, up by 18%, topping analyst estimates&nbsp;of $6.71 billion. The third-quarter EPS of 92 cents was in line with analyst estimates.
Also Read: <a href="https://www.benzinga.com/news/24/09/40800539/amazon-and-oracle-partnership-unlocks-major-cloud-growth-opportunity-analyst-suggests" target="_blank" rel="noreferrer noopener">Amazon and Oracle Partnership Unlocks Major Cloud Growth Opportunity, Analyst Suggests</a>
Data Center revenue rose 122%, and Client segment revenue increased 29%. Gaming revenue fell 69%, and Embedded revenue declined 25% year-over-year to $927 million.
AMD expects fourth-quarter revenue of $7.2 billion-$7.8 billion, versus the analyst consensus of $7.54 billion.
The chip sector benefited from the artificial intelligence frenzy. However, the U.S.&#8217;s geopolitical tensions with China and the sustainability of capital-intensive AI technology prospects have kept analysts cautious.
Meanwhile, the sector noted changing dynamics among semiconductor companies, with tech giants forging partnerships to reduce dependence on Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Databricks forged a five-year deal for affordable AI-building services leveraging <a href="https://www.benzinga.com/news/24/10/41337034/amazon-strikes-at-nvidias-stronghold-through-databricks-deal-cutting-ai-costs-by-40" target="_blank" rel="noreferrer noopener">Amazon&#8217;s Trainium chips</a>. ChatGPT parent OpenAI added AMD as <a href="https://www.benzinga.com/news/24/10/41609022/openai-chooses-broadcom-for-ai-interface-chip-development" target="_blank" rel="noreferrer noopener">an additional supplier</a> in addition to Nvidia. OpenAI also tapped Broadcom and Taiwan Semiconductor to build its in-house chip.
<a href="https://www.benzinga.com/government/24/10/41579507/nvidia-taps-indias-growing-ai-market-partnering-with-tech-giants-and-scaling-data-centers" target="_blank" rel="noreferrer noopener">Last week, Nvidia</a> briefly claimed the title of the world&#8217;s most valuable company, with its market cap hitting $3.53 trillion, just above Apple Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) $3.52 trillion driven by unprecedented demand for its AI supercomputing chips. 
Russ Mould, AJ Bell&#8217;s investment director, said that Nvidia&#8217;s chip demand remains strong as more companies integrate AI into their daily operations.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41583865/what-to-expect-from-apples-fq4-earnings" target="_blank" rel="noreferrer noopener">What To Expect From Apple&#8217;s FQ4 Earnings?</a></li>
</ul>
Photo: Shutterstock

What's Going On With Chip Stocks Nvidia, Broadcom, Taiwan Semi, Micron And Others Wednesday?

OpenAI has partnered with Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) to build this in-house chip.
The ChatGPT parent added Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) as a chip supplier to better address artificial intelligence demands. Broadcom, AMD, and Taiwan Semiconductor&#8217;s stocks gained after the report.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41357485/intel-partners-with-amd-to-counter-arms-rising-dominance-in-computing" rel="noreferrer noopener">Intel Partners With AMD To Counter Arm&#8217;s Rising Dominance in Computing</a>
OpenAI is ramping up efforts to produce its chip designed to power advanced AI systems, Reuters reports.
OpenAI&#8217;s move reflects its plans to seek alternatives to manage costs better and reduce dependency on existing suppliers like Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Broadcom has been working closely with OpenAI to develop this chip, which primarily focuses on &#8220;inference&#8221; — applying AI models to make decisions based on new data. As demand for inference chips grows, OpenAI&#8217;s custom-built chip could eventually support more applications, complementing its reliance on training chips provided by Nvidia.
Securing access to manufacturing capacity with Taiwan Semiconductor has been part of the process. Sources indicate OpenAI plans to produce its first custom-designed chip by 2026.
Another notable development is collaboration with AMD. Through Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Azure, OpenAI will utilize AMD&#8217;s MI300X chips.
<h2 class="wp-block-heading">Recent analyst takes on Broadcom and AMD</h2>
JPMorgan analyst Harlan Sur highlights semiconductors as a <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41401505/broadcom-marvell-set-to-lead-in-2025-as-semiconductor-sector-is-at-the-cusp-of-a-se" rel="noreferrer noopener">top investment area</a> for 2024, predicting a solid up-cycle after 2023&#8217;s sector bottom. Sur noted Broadcom and Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) as critical players poised for growth, especially in cloud infrastructure and custom AI chips.
Goldman Sachs analysts, led by Toshiya Hari, <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41431993/amd-to-benefit-from-ai-competitive-arms-race-goldman-sachs" rel="noreferrer noopener">underscored the sustained</a> expansion of AI infrastructure spending across industries as a driving force behind their bullish take on AMD. Hari flagged increased capital investments from large enterprises engaged in an &#8220;AI arms race.&#8221;
Price Actions: At the last check on Tuesday, AVGO stock was up 3.84% to $176.62. AMD is up 3.48%, and TSM is up 1.51%.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/government/24/10/41604100/trump-goes-after-taiwan-semiconductor-on-joe-rogan-podcast" target="_blank" rel="noreferrer noopener">Trump Goes After Taiwan Semiconductor On Joe Rogan Podcast</a></li>
</ul>
Photo courtesy: Shutterstock

OpenAI Chooses Broadcom For AI Interface Chip Development

Whales with a lot of money to spend have taken a noticeably bullish stance on Marvell Tech.
Looking at options history for Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) we detected 15 trades.
If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $69,375 and 13, calls, for a total amount of $829,349.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $120.0 for Marvell Tech over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Marvell Tech stands at 2811.9, with a total volume reaching 4,424.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Marvell Tech, situated within the strike price corridor from $30.0 to $120.0, throughout the last 30 days.
<h3>Marvell Tech Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730148342_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$14.15</td>
<td>$13.65</td>
<td>$13.75</td>
<td>$120.00</td>
<td>$343.7K</td>
<td>0</td>
<td style="text-align: right;">250</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$8.7</td>
<td>$8.6</td>
<td>$8.65</td>
<td>$80.00</td>
<td>$64.8K</td>
<td>8.9K</td>
<td style="text-align: right;">99</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$57.7</td>
<td>$52.7</td>
<td>$54.15</td>
<td>$30.00</td>
<td>$54.1K</td>
<td>45</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$2.82</td>
<td>$2.78</td>
<td>$2.82</td>
<td>$85.00</td>
<td>$49.0K</td>
<td>5.3K</td>
<td style="text-align: right;">789</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$6.1</td>
<td>$6.05</td>
<td>$6.1</td>
<td>$85.00</td>
<td>$45.7K</td>
<td>7.7K</td>
<td style="text-align: right;">347</td>
</tr>
</tbody>
</table>

<h3>About Marvell Tech</h3>
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.
<h3>Where Is Marvell Tech Standing Right Now?</h3>
<ul>
<li>With a trading volume of 6,638,777, the price of MRVL is up by 2.24%, reaching $83.44.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 32 days from now.</li>
</ul>
<h3>Expert Opinions on Marvell Tech</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $91.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Marvell Tech, targeting a price of $91. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Marvell Tech with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

This Is What Whales Are Betting On Marvell Tech

Bank of America analyst Vivek Arya believes that investments from major cloud service providers in order to meet rising demand for AI will lead to the surge in hyperscale investments in 2025.
Arya&#8217;s picks for semiconductor and AI companies which he expects will best capitalize on this growth, include NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and Arm Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>).
The analyst specifically refers to cloud service providers including Google parent Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Amazon.Com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
Arya believes that the hyperscale investments will involve both defensive and offensive spending. Defensive spending is focused on maintaining competitiveness in the market and typically includes projects related to infrastructure, security, and reliability improvements. In contrast, offensive spending aims at company growth and usually involves expanding data center capacity or enhancing artificial intelligence capabilities.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41549147/goldman-sachs-analyst-remains-bullish-on-boeing-despite-weak-q3-long-term-deep-valu">Goldman Sachs Analyst Remains Bullish On Boeing Despite Weak Q3: &#8216;Long-Term Deep-Value Opportunity&#8217;</a>
Price Action: At the time of writing, NVDIA shares are trading 1.03% higher at $141.86, Micron stock is moving 1.15% higher at $108.08, Marvell shares are flat at $81.90 and Arm stock is trading 2.13% higher at $144.05 according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo via Shutterstock

Ahead of Q3 Earnings, Bank of America Names Beneficiaries of Surge in Hyperscale Spending

Chip stocks, including Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Monolithic Power Systems, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), are trading higher Friday.
The move is in sympathy with Western Digital Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) rally following its upbeat quarterly print.
On Thursday, Western Digital reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41531805/western-digital-shares-rally-after-q1-results-eps-beat-revenues-miss" rel="noreferrer noopener">first-quarter EPS</a> of $1.78, which beat the analyst consensus of $1.73. Quarterly revenue of $4.09 billion trailed the consensus estimate of $4.12 billion compared to $2.75 billion a year ago.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41339315/nvidia-and-intel-competition-threaten-amds-growth-analyst-says" rel="noreferrer noopener">Nvidia and Intel Competition Threaten AMD&#8217;s Growth, Analyst Says</a>
Western Digital expects second-quarter revenue of $4.2 billion-$4.4 billion, versus the $4.35 billion estimate, and adjusted EPS of $1.75-$2.05, versus the $1.95 estimate.
KeyBanc analyst John Vinh <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41235547/nvidia-amd-lead-the-pack-broadcom-stable-intel-falters-analysts-latest-take" rel="noreferrer noopener">recently flagged mixed performance</a> in the semiconductor supply chain, revising several estimates and price targets. Despite weak analog markets, he cited signs of recovery in automotive and robust demand in traditional servers and AI, with Nvidia&#8217;s Blackwell launch on track for the fourth quarter.
Vinh downgraded Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) and Synaptics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYNA#NASDAQ">SYNA</a>) to Sector Weight, pointing to Qualcomm&#8217;s market share loss to MediaTek due to price competition and Synaptics&#8217; challenges in IoT against local competitor HiSilicon.
He highlighted Nvidia and AMD positively for their robust AI and server demand, whereas Micron, Monolithic Power, Marvell, and Intel face headwinds from market share losses and intensifying competition.
<h2 class="wp-block-heading">Western Digital Stock Prediction For 2024</h2>
Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.
Shares of Western Digital have an average 1-year price target of $92.07, representing an expected upside of 27.01%.
Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. No analysts have bearish recommendations on Western Digital, while 12 analysts have bullish ratings. The street high price target from Rosenblatt is $115.0, while the street low from Susquehanna is $75.0.
Price Actions: At last check Friday, NVDA stock was up 2.13% at $143.33. AMD stock is up 3.09%, AVGO stock is up 2.47%, MU is up 2.80%, TSM is up 2.64%, ON is up 3.17%, and INTC stock is up 3.69%.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41357485/intel-partners-with-amd-to-counter-arms-rising-dominance-in-computing" target="_blank" rel="noreferrer noopener">Intel Partners With AMD To Counter Arm&#8217;s Rising Dominance in Computing</a></li>
</ul>
Photo via Shutterstock

SYNA

What's Going On With Nvidia, AMD And Other Chip Stocks On Friday?

CRUS

Shares of chip stocks are trading lower amid overall market weakness.

Deep-pocketed investors have adopted a bearish approach towards Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MRVL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 23 extraordinary options activities for Marvell Tech. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 60% bearish. Among these notable options, 10 are puts, totaling $1,041,041, and 13 are calls, amounting to $792,116.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $100.0 for Marvell Tech during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Marvell Tech options trades today is 1661.25 with a total volume of 13,124.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Marvell Tech's big money trades within a strike price range of $40.0 to $100.0 over the last 30 days.
<h3>Marvell Tech Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729708248_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$0.75</td>
<td>$0.53</td>
<td>$0.68</td>
<td>$68.00</td>
<td>$561.0K</td>
<td>11</td>
<td>8.3K</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$9.5</td>
<td>$9.4</td>
<td>$9.5</td>
<td>$85.00</td>
<td>$131.1K</td>
<td>256</td>
<td>237</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$16.3</td>
<td>$16.15</td>
<td>$16.3</td>
<td>$72.50</td>
<td>$125.5K</td>
<td>698</td>
<td>93</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$9.75</td>
<td>$9.7</td>
<td>$9.75</td>
<td>$85.00</td>
<td>$96.5K</td>
<td>256</td>
<td>0</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$6.75</td>
<td>$6.7</td>
<td>$6.7</td>
<td>$85.00</td>
<td>$93.8K</td>
<td>4.1K</td>
<td>233</td>
</tr>
</tbody>
</table>

<h3>About Marvell Tech</h3>
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.
Following our analysis of the options activities associated with Marvell Tech, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Marvell Tech</h3>
<ul>
<li>Trading volume stands at 4,689,325, with MRVL's price down by -4.12%, positioned at $79.92.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 37 days.</li>
</ul>
<h3>What Analysts Are Saying About Marvell Tech</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $91.0.
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Smart Money Is Betting Big In MRVL Options

Wall Street maintained a cautious stance amid a flurry of earnings reports this week, while markets posted gains for the <a href="https://www.benzinga.com/markets/asia/24/10/41411026/bank-earnings-propel-wall-street-to-record-peaks-oil-plunges-below-70-gold-shines-at-all-time-highs">sixth consecutive week</a>.
With some important tech companies scheduled to announce their earnings this week, the Nasdaq Composite kicked off the week on a positive note even as the Dow Jones and S&amp;P 500 opened in the red.
Nearly a fifth of S&amp;P 500 companies are set to report their earnings this week. Cumulative earnings of S&amp;P 500 companies are set to rise for a fifth straight quarter, FactSet said.
On Tuesday, earnings from companies like GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), 3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), and General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) will be on investors' radar.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.65%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.00%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.48%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.90%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Monday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.50% to $580.71 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 0.65% to $492.19, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>.
Cues From Last Session:
Caution reigned the markets on the first day of the week, with the S&amp;P 500 and Dow Jones both ending the day in the negative, while the Nasdaq Composite registered gains.
AI stocks led the surge, with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) closing at a new all-time high. The positive sentiment rubbed off on rivals, too, with Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) emerging as some of the top gainers.
The Dow Jones Industrial Average and the S&amp;P 500 Index jumped to fresh highs in intraday trading on Friday.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.27%</td>
<td>18,540.01</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.18%</td>
<td>5,853.98</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.80%</td>
<td>42,931.60</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.60%</td>
<td>2,239.71</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Investors remained anxious about the prospect of future rate cuts amid comments from Federal Reserve officials urging for a cautious approach. Kansas City Fed President Jeff Schmid spoke in favor of moderation, saying "A cautious and deliberate course of action seems appropriate."
On the other hand, San Francisco Federal Reserve President Mary Daly said there is no reason for the Fed to hold rates steady. "I haven't seen any information that would suggest we wouldn't continue to reduce the interest rate," Daly <a href="https://www.wsj.com/livecoverage/stock-market-today-earnings-dow-sp500-nasdaq-live-10-22-2024/card/no-reason-to-pause-rate-cuts-fed-s-daly-tells-wsj-tech-live-jdoqlPmUWzaNiMQCCLSe">told</a> the Wall Street Journal.
Fundstrat Head of Research&nbsp;Tom Lee <a href="https://www.cnbc.com/video/2024/10/21/market-still-in-buy-the-dip-mode-says-fundstrats-tom-lee.html">told</a> CNBC in an interview that he expects companies in the S&amp;P 500 index to post a revenue growth of 5% this quarter.
"It is a really high-quality earnings season so far. It's a good beat season, but it's early," he said.
"Stocks which have been strong are really still a ‘buy the dip' market."
Going ahead, Lee says to watch out for industrial stocks, after a week of financial stocks having posted better-than-expected earnings.
See Also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data
The economic calendar for Tuesday is light, with only one major speech scheduled so far.
<ul>
<li>Philadelphia Fed President Patrick Harker is scheduled to speak at 10 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) shares surged nearly 3% in premarket trading on Tuesday after the company reported better-than-expected earnings and raised its profit forecast for the third time this year.</li>
<li>Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) shares rose over 1% in premarket trading ahead of the company's third-quarter earnings.</li>
<li>Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhone 16 witnessed price cuts in China on online platforms as part of Singles' Day promotions.</li>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock has seen an increase in price targets due to bullish demand for artificial intelligence. Bank of America raised its price target for Nvidia from $165 to $190, while investment research firm CFRA raised its target to $160.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures edged up in the early New York session, rising nearly 1.10% as China cut key lending rates to boost its economy.
The 10-year Treasury note yield rose marginally to 4.208%.
Asian markets were mixed on Tuesday, with Chinese markets edging lower amid economic growth concerns.
European stocks showed tentativeness and were mostly lower in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41445510/tesla-shareholders-demand-answers-from-elon-musk-on-growing-list-of-promises-ahead-of-q3-earning">Tesla Shareholders Demand Answers From Elon Musk On Growing List Of Promises Ahead Of Q3 Earnings: From Affordable Models To FSD Rollout And Next-Generation Roadster</a></li>
</ul>
Photo courtesy: Shutterstock

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Press Releases

Microsoft Integrates Marvell NIST FIPS 140-3 Level-3 Compliant LiquidSecurity HSMs into Azure Key Vault and Managed HSM Services

Marvell to Showcase Latest Cloud Storage and CXL Memory Technologies at FMS 2024

Marvell Technology, Inc. Reports Second Quarter of Fiscal Year 2025 Financial Results

Marvell, Lumentum and Coherent Demonstrate Industry's First 800G ZR/ZR+ Pluggable Modules for 500km Data Center Interconnects

Dividends

Marvell Technology, Inc. Declares Quarterly Dividend Payment

Marvell to Showcase Optical Interconnect Innovations for Accelerated Infrastructure at ECOC 2024

Marvell to Showcase Accelerated Infrastructure for AI at 2024 OCP Global Summit

Marvell Delivers Custom Ethernet Network Interface Controller Solution at Open Compute Project

Marvell Demonstrates Industry-Leading 3nm PCIe Gen 7 Connectivity for Accelerated Infrastructure at OCP 2024

Marvell Technology, Inc. Announces Conference Call to Review Third Quarter of Fiscal Year 2025 Financial Results

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